Capri Mobile Home Park - Tunnel Hill / Ringgold GA

Capri mobile home community currently grossing > $12k in current monthly rents and with 15 occupied trailers with 4 additional trailers to be renovated.​

Appraised for $1.675 Mn as of Feb 2025 for a lender (attached as part of Due Diligence section).​

Opportunity to fill up the remaining Pads for additional Rents in a 6.46 acre lot.​ Catoosa county allows trailers of any age to be in the park

Short term seller financing possibility with minimum $400k down at 11% interest amortized over 25 years with balloon in 2 years.​

Existing Park has Property Manager who does all maintenance / renovations and oversees park.​ Rents are deposited online or at the bank nearby.​

19 total trailers with 13 Park Owned Trailers and 4 Tenant Owned Trailers with 3 additional trailers that need to be hooked up.​ All utilities except water, trash paid by tenants.​ City Water and Septic system (can become Public sewer if needed)

Rent Growths in Tunnel Hill have grown by a cumulative 21.3% over the last 3 years and continues to increase due to growth drivers with Ringgold / Dalton becoming the Carpet / Kitchen / Flooring capital of the US

Rents in the Park are up to $1175 in some of the Units with 5 renovated units renting at over $1000 each.​ Opportunity to increase rents in addition to Lot rents to Market rents.​

75% of residents living within a 10-mile radius rely on rental properties as their primary residence

This Park is less than 3 minutes from Interstate 75 and in Catoosa County which stretches till the border suburbs of Chattanooga.​

The Chattanooga to Dalton stretch includes various industries (Flooring and Cabinet Capital of the US) with a diversified economy including companies like Shaw, Mohawk, Q Cells and several other industries.​ a growing locality.​

5 of the park Owned homes were totally renovated with new luxury flooring, sheet rock & ceiling - with rents fetching around $1,000 each.​ (5 at more than $1000 per month, from between $1,000 to $1,175 each).​ Potential to update and increase rents on all other units.​

Each of the other occupied Park Owned homes are rented for a minimum of $775 with potential to increase rents.​ 4 Tenant owned homes lot rent for between $415 to $500.​

Tenants pay all utilities electric except trash and water.​ Owners pay for Lawn $150 per month, water ($400 per month) and common trash pickup service of around $215 per month.​

Huge labor market in nearby Carpet / Flooring capital of the US (Dalton / Ringgold) – with 100% occupancy and waiting list.​

Short term seller financing possibility with minimum $400k down at 11% interest amortized over 25 years with balloon in 2 years.​

Reach out to get more details.​