Mobile Home Park Details

  • Cap Rate: 4.6%
  • Listing ID: 13830
  • Posted On: Jun 21, 2010
  • Updated On: Oct 12, 2010

Description

General Information:
• Year Developed: Opened 1984 and has
been developed in stages since then
• Acreage: 170 acres
• Zoning: MR (mobile home community)
• Pads: 297 Developed, 239 occupied
and 58 vacant, completed plans for Area
Three includes
85 additional pads
• Average Monthly Pad Rent: $160
• Seller-owned homes: 154
• Average monthly home rental: (excluding
pad rental fee) $220, with most paying
weekly; Range of $165 - $335 per
month ($75 - $115/week)
Utilities: all underground
• Water: Floyd County Water and Sewer
• Sewer: Floyd County Water and Sewer
• Electric: Georgia Power Company
• Gas: Summerville Gas Company
• Cable: Comcast
• Trash: BFI
Amenities:
• ¾ mile river frontage and walking
trails
• Playground
• Basketball Court
• Swings
• Security lighting
• 2 central mailbox areas
Management and Personnel:
• 2 owners (working-on site)
• 1 office administrator
• 1 maintenance supervisor
• 6 maintenance workers

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Park Information

Number of MH Lots: 297
Total Occupancy: 80.0 %
Year Built: 1979
Average MH Lot Rent: $160
Size: 170 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 154
Average Rent for Park-owned Homes: $220