61 space mobile home community. 11 homes are rent to own. 1 unit is a stick built house, and 2 units are a duplex. 25 space renters, 2 park owned rentals, and 2 vacant homes in need of repair. Property includes a duplex and a stick built house. 18 vacant spaces but only around 5 of those are useable. Property is on county water/sewer with a portion of property on septics which are all in good working order and most of which are new. Lots of homes moved in over the last couple of years. Some vacant spaces still available for added upside. Close to Fort Gordon and I:520. Rent to own homes, a couple of park owned but mostly space renter park. Solid easy to run park with great returns and upside in raising rental rates.
Rent increase is scheduled for January 1st 2017 and is not reflected in 2016 financials. Location has the potential over the next 10 years to be redeveloped for apartments or single family as the Army Cyber Command growth moves down Gordon highway towards this property. A new roundabout is going in at corner of the property which will greatly improve the appearance of the park.