15 Fields WalkSummerville, GA 30747

Property Details for 15 Fields Walk

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Summerville

County

Chattooga

State

Georgia

Latitude

34.5154

Longitude

-85.327

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