110 Deborah Dr - Manufactured Housing/Mobile Housing FOR SALE


Warner Robins, GA 31093
$1,490,000 USD
512-637-1219
110 Deborah Dr, Warner Robins, GA for Sale
$1,490,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | Request Cap Rate

110 Deborah Dr
Warner Robins, GA 31093


OVERVIEW

Peachtree Park MHC is an all-age, 33-site manufactured housing community with a strong economic occupancy of 94%, ideally located in Warner Robins, GA. – Peachtree Park MHC is an all-age, 33-site manufactured housing community with a strong economic occupancy of 94%, ideally located in Warner Robins, GA. – The offering includes 17 park-owned homes, of which 16 are currently occupied as pure rentals averaging $420 for the home rent portion. The inventory homes are in great shape and consist of a mix of SW and DW with an average year built of 1992. – Value-add opportunity to raise lot rents to boost revenue. According to the rent comps on page 4, the average adjusted site rent for comparable properties is $504 versus $379 at the subject community. Moving all tenants up to market rent at current occupancy levels would add over $40,000 in additional annual site rental revenue. – Further value-add opportunity to install submeters and start billing tenants back for their water usage. – Since purchasing the asset 2 years ago, the seller has invested over $100K in capital improvements including road repairs (poured new concrete and resealed the roads), septic replacement, electrical upgrades, and major home rehabs. 14 of the park-owned homes have been thoroughly rehabbed over the last 24 months, including new flooring and subflooring, new paint, refinished cabinets, and plumbing/electrical touch-ups. – The community features a low-density, attractive layout with off-street parking and shaded trees throughout. – There is a strong demand for affordable housing in this market. Within a 10-mile radius of the community, the total population is 181,503 with an average household income of $93,829 and average home values of $284,695.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$0.99 USD /SF

# OF UNITS

33

PRICE/UNIT

$45,152

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peachtree Park MHC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew ShihARA NewmarkMore Info
512-637-1219

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Andrew ShihARA NewmarkMore Info
512-637-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.