Skye At Toccoa MHP
Mobile Home Park | 6.90% CAP
Marketing description
STEPHENS COUNTY, GA - The MHP Broker is pleased to present Skye Toccoa MHP, a 32-lot manufactured housing community located in Toccoa, Georgia, in Stephens County. The property spans four parcels totaling approximately 10.02 acres and benefits from strong regional connectivity, located just minutes from Interstate 85 and less than 7 miles from the South Carolina border.
The community consists of 32 pads, including 24 occupied park-owned homes, 6 vacant homes, and 2 vacant lots. The homes range in age from the late 1960s through the 1980s, but have undergone over $350,000 in improvements in the last year, with many homes featuring new roofs, fully updated interiors, and PEX plumbing upgrades. The overall condition and livability of the property has significantly improved. Current lot rents average $583 per month, with leases in place supporting stable income. The rent roll currently generates over $25,000 in monthly revenue, with additional upside available through leasing the remaining vacant homes and continued operational stabilization.
Infrastructure includes a combination of county water and well service, with county water is direct-billed to tenants, while septic tanks serve each home on a 1:1 basis. Trash is provided through a centralized dumpster service. The community also benefits from paved roads throughout, which enhances long-term durability and overall tenant appeal.
Skye Toccoa is being offered for $1,625,000, which includes all the park home inventory at a shell value less than the renovation costs. Seller financing is not available, and bank debt can be placed on this asset. No site visits without the Broker’s permission. Please reach out for additional information.
Investment highlights
• Newly-Renovated POH Inventory
• Paved Roads
• Strong Rental Market
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