Mobile Home Park Details
- Listing ID: 12759
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
14-Unit Turnkey MHP on 5.88 Acres with 50 Mature, Producing PecanTrees.
Property is Adjacent to Abraham Baldwin Agricultural College
(ABAC) and University of Georgia campus but is still nicely located in a quiet country setting.
12 Park-owned (10 Doublewides, 2 Singlewides-2, 3, and 4 bedrooms)
Excellent Rental History with 6% Vacancy for 2008 and 5.5% for 2009.
Rents Range from $400-$600 per unit, but entire park is being converted to ABAC Student-friendly housing, which will take the park's income to approximately $8,200 per month or just under $100,000 per year. New rents will range between $650-$850 per month.
Lot Rent $175 each for Two Owner-Occupied Units. Lot rent increase began January 1, 2010.
Monthly Expenses = Approx. $1,050, which includes ~$400 for taxes and Insurance
Owner Will Finance Equity to Qualified Buyer.
• All Central A/C / Heat Systems (Four Newer Heat Pumps).
• 10 New Roofs.
Location
City Water Main now installed. New owner can choose to pay the $350 tap fee/meter placement; otherwise, well pump was replaced three years ago and serves the park's needs just fine.
Park's Physical Address: 12 Self Street, Tifton, GA 31793
Park Information
| Number of MH Lots: | 14 |
| Total Occupancy: | 94.0 % |
| Average MH Lot Rent: | $175 |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $650 |