Mobile Home Park Details

  • Listing ID: 12757
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

42 lot mobile home park, the park is 4.3 +- acres,
Park is located in downtown Tifton, Georgia walking to downtown,
1.5 miles to I-75, Within 2 miles of ABAC (U of Ga Agri college),
1 block off Hwy 81 (Major E/W hwy for south Georgia),

Park consists of 42 lots, 10 of which are park owned,
7 are under rent to own contracts, 3 are vacant as of 04/20/10,
16 lots are private MH's (lot rent), Avg lot rent is $120.00/Month,
Each lot is individually metered, total electric, sewer, city garbage p/u,
16 lots are empty and ready for new renters,

Park is Grandfathered,

Gross rent receipts for 2009 $47,000.00,
Park as is, with current contracts, with %100 collection, gross rent $68k/year.

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Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 92.0 %
Year Built: 1970
Average MH Lot Rent: $120
Size: 4 acre(s)

Financial Information

Gross Income: $68,000

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $400