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33861055
33861056

2 Locations

WC
FL FL: BK3533965
Split Arrow Capital Brokers
SK
FL FL #SL3588023
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers
$2,000,000
7 days on market
Updated 7 days ago
Opportunity zone

Allen Memorial MHP & Hardwick MHP

Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 71
Cap Rate 8.08%
NOI $161,623
Occupancy 47.89%
Tenancy Multi
Class C
Acreage 8.220
Investment Type Value Add
Sale Condition N/A

71 Site Two Park Portfolio

Marketing description

Discover the charming city of Milledgeville, GA, where rich history meets modern convenience. This area offers a diverse range of cultural and recreational attractions. Take a stroll through the historic downtown district to explore quaint shops, local eateries, and vibrant community events. Nature enthusiasts will appreciate the picturesque beauty of nearby Lake Sinclair and the Oconee River. For history buffs, a visit to Andalusia, the former home of author Flannery O'Connor, is a must-see. With its blend of historic architecture and thriving community, Milledgeville presents an enticing opportunity for multifamily and manufactured housing investors seeking a dynamic and growing market.

Investment highlights

  • Value Add opportunity: Rehab Vacant Homes, RTO & Infill vacant Lots
  • Below Market Rents

Property Description

Allen Memorial MHP- 105 Ivey Dr, SW Milledgeville, GA 31061

Hardwick MHP- 147 N. Main St, Milledgeville GA 31061

71 sites across both parks

- 46 POH

- 15 RTO

- 5 TOH

- 5 Vacant lots

- Utilities Individually metered / direct billed.

*Public water, sewer, trash & electric

*Park responsible for park lighting only

- Parks are a 3 minute drive from each other and

about 5 mins from downtown

Listing Contacts

WC
FL FL: BK3533965
Split Arrow Capital Brokers
SK
FL FL #SL3588023
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,623.00
$13,468.58/mo

Valuation Metrics

0
DSCR
8.08%
Cap Rate
8.08%
ROI

Map

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Additional Information

Name
Alex Everest
License
357063
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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