For Sale by Owner
Ivy Lane Mobile Home Park
$99,900 with owner financing available

8 home sites and a freshly remodeled 16 x 80 mobile home
(6) Occupied Lots @ $150 per month lot rent
(1) Home Rental – 1990’s 16X80 @ $450/month
(1) Home Rental - 1980's Camper @ $300/Month
Buckeye Road in East Dublin, GA

Ivy Lane is an established and clean mobile home park situated on 2.85 acres in East Dublin, GA. This park is sitting on a corner lot with both front and side highway frontage. There are signed copies of lease agreements along with community rules and regulations on file. Currently, there are (8) eight occupied lots comprised of (6) six pad rentals, one 16X80 mobile home rental, and one camper rental.

This community includes a new 4x8 sign, mail boxes, a pump house,a camper, and a remodeled 1990’s 16x80 home. The roads have been recently graded and rocked. This community is a great starter park in great condition with life-long monthly income producing capabilities. Over the last year this community has been upgraded throughout, and now it is ready for purchase. If you want a community that you can depend on for steady monthly income without any current issues, then this park will pay for itself.

Current Expenses
Electric well and two security lights $60 per month
Property taxes $40 per month
Total Expenses $100 per month

Current Monthly Income $1,650
Current Monthly Expenses ($100)
Net Monthly Income $1,550
Yearly Income $15,000 = 11% Cap Rate

There is immediate upside available by instituting a monthly flat rate water charge of $25 per month per lot, which would serve to offset overhead. This additional monthly income will increase the cap rate to 13% without spending a dime.

Available for only $99,900 with owner financing available

My name is Dennis Holley and I can be reached at 706-360-9530. If you have any questions, please call.