Courtesy of: Christopher Iglinski, eXp Realty, chris@chrisiglinski.com
Courtesy of: Christopher Iglinski, eXp Realty, chris@chrisiglinski.com
$2,750,000
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Lot: 11.09 Acres
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Other
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$2,750,000
2184 W Point Road LAND AND ALL 32 HOMES INCLUDED. 11% CAP RATE. This is not a lot-rent-only park. The sale of Oakview Mobile Home Park includes the 11.09-acre parcel AND all 32 park-owned homes, each 3 bedrooms/2 baths. Tenants rent the home and the lot together, so the owner collects full home rent, not just pad rent. 28 homes are occupied, 1 houses the on-site maintenance resident, and 3 are freshly renovated and ready to lease. Seller reports $327, 660 gross annual rent (about $881/month per rental home) and $303, 561 NOI. At the $2, 750, 000 asking price, that's an 11.0% cap rate and $85, 938 per home, land included. Annual expenses reported by seller are $24, 099 (taxes $8, 554, insurance $12, 246, registrations, common electric). Public water, Flood Zone X. Flat, level land under 3 homes per acre with open ground for possible expansion, subject to county approval. On West Point Rd near the Kia Georgia plant, retail, and services. Figures are seller-reported and unaudited. Buyer to verify all information. Rent roll, T-12, and home titles available with signed NDA. Do not disturb tenants; showings by appointment only.
Courtesy of: Christopher Iglinski, eXp Realty, chris@chrisiglinski.com
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