1 Bailey LnRossville, GA 30741

Property Details for 1 Bailey Ln

Lot size

15.77 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Bailey Acres Mobile Home Park, located at 1 Bailey Ln, Rossville, GA 30741, presents a compelling value-add opportunity in the rapidly growing Chattanooga MSA. This 15.77-acre park features 28 lots, currently housing 5 homes and 4 long-term tenants. The park boasts city water and 1:1 septic systems. Recent improvements include road repaving, drainage upgrades, and the installation of a new home, currently rented at $1050 per month. Existing lot rents range from $385 to $410 per month, with potential for significant increases to $1100-$1200 per month for new homes. The park is situated in a desirable location, minutes from Chattanooga, TN, and close to major retailers like Starbucks, Home Depot, and Walmart. The property is not located in a flood zone. Infrastructure is in place for potential expansion to over 60 lots, further enhancing its investment potential. Additional income streams could be generated through the addition of storage units or RV/boat parking. The asking price is $585,000. No seller financing is available.

Location Insight

City

Rossville

County

Walker

State

Georgia

Latitude

34.9306

Longitude

-85.3027

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