For Sale
$499,000

4060 Us-82Sylvester, GA 31791

Georgia Mobile Home Park: High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
120
This 26-pad mobile home park in Sylvester, Georgia, presents a compelling value-add opportunity. Currently generating $38,801 in NOI, with a 7.78% cap rate, pro forma projections show a significant increase to $123,025 NOI and a 24.65% cap rate. The property is priced at $499,000 ($19,192.31 per pad) and offers seller financing with a $150,000 down payment, 8% interest-only payments, and a balloon payment at the end of year two. The park comprises 14 rented lots averaging $317/month, one park-owned home rented at $700/month, six vacant park-owned homes, three tenant-owned homes undergoing eviction, and two vacant developed lots. Two investment strategies are viable: maintain the existing mobile home park, increasing occupancy and rents

Property Details for 4060 Us-82

Property type
Mobile home & RV parks
Class
D
Units
26

Location Insight

City
Sylvester
County
Worth
State
Georgia
Latitude
31.5508874
Longitude
-83.9661153
4060 Us-82, Sylvester, Georgia

FAQs

What type of property is this?
Mobile home & RV park - Georgia Mobile Home Park: High ROI Potential
Where is the mobile home & rv park located?
The property is located at 4060 Us-82 Sylvester, GA.
What is the asking price?
The asking price for this property is $499,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4060 Us-82
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message