For Sale
$3,500,000

15 Fields WalkSummerville, GA 30747

101 Lots, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 101-lot mobile home community in Summerville, Georgia, priced at $3,500,000. Located near US Highway 27, this property offers convenient access to both Summerville and Chattanooga, Tennessee. Currently operating at 50% occupancy, with 42 vacant lots, this presents a significant value-add opportunity for a new owner. The average lot rent is $465, providing immediate income potential. The property boasts public utilities, directly billed to tenants, and curbside trash service, also billed to tenants. The $34,653 per pad price point reflects a strong potential return on investment, with a projected cap rate of 6.64%. The strategic location and significant vacancy rate create a clear path for increasing both occupancy and rental income. This property is ideal for investors seeking a value-add opportunity with substantial upside potential in a growing market. The community's proximity to major roadways ensures easy access for residents and convenient management. This is a rare chance to acquire a well-positioned mobile home park with considerable room for growth and profitability. The existing infrastructure and public utility services minimize operational complexities. This presents a compelling investment opportunity with significant potential for long-term appreciation.

Highlights

  • Excellent Summerville, GA location near US Highway 27, offering easy access to downtown Summerville and Chattanooga, TN.
  • Significant value-add potential through rent increases and leasing 42 vacant lots.
  • High potential for increased occupancy and rental income; currently 50% leased with 42 vacant lots.
  • Public utilities with direct tenant billing; curbside trash service with tenant pass-through billing.

Property Details for 15 Fields Walk

Property type
Mobile home & RV parks
Units
101

Location Insight

City
Summerville
County
Chattooga
State
Georgia
Latitude
34.5153783
Longitude
-85.3269502
15 Fields Walk, Summerville, Georgia

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15 Fields Walk
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