For Sale
$2,500,000

127 Spanky AveOglethorpe, GA 31068

55 Units, High ROI Potential in Georgia

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 55-unit mobile home park, situated on 34.03 acres in Oglethorpe, Georgia, presents a compelling investment opportunity. The property boasts 53 park-owned homes and 2 tenant-owned homes, with a current occupancy rate of 91%. The park features a mix of unit sizes, including one-bedroom, two-bedroom, and three-bedroom units, offering a diverse rental portfolio. Current rents are below market value, providing immediate potential for revenue growth. The property includes an on-site management office, a well-stocked warehouse for maintenance supplies, and a robust security system. Infrastructure is comprised of two lots

Highlights

  • 55-unit multifamily property generating $32,700 in gross monthly income.
  • Unit mix includes 1-bedroom/1-bathroom (550 sqft), 2-bedroom/2-bathroom (1100 sqft - 25 units), and 3-bedroom/2-bathroom (1300 sqft - 30 units).
  • Below-market rents offer immediate upside potential for revenue growth with long-term tenants providing consistent cash flow.
  • Potential for supplemental income through pet rent.
  • On-site management office with dedicated storage and a security system.
  • Two parcels; one with city sewer and water, the other with septic and well; on-site warehouse stocked for maintenance and repairs.

Property Details for 127 Spanky Ave

Property type
Mobile home & RV parks
Square Feet
55,500 SF
Year Built
1993
Buildings
53
Lot Size (sq. ft)
1,482,347 SF
Units
55

Location Insight

City
Oglethorpe
County
Macon
State
Georgia
Latitude
32.312347
Longitude
-84.063293
127 Spanky Ave, Oglethorpe, Georgia

FAQs

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127 Spanky Ave
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