211-213 Railroad Ave - Manufactured Housing/Mobile Housing FOR SALE


Grovetown, GA 30813
$675,000 USD
615-256-3189
211-213 Railroad Ave, Grovetown, GA for Sale
$675,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/27
null | Request Cap Rate

211-213 Railroad Ave
Grovetown, GA 30813


HIGHLIGHTS

  • Mark's Mobile Home Park, at 211-213 Railroad Avenue, is a 22-lot mobile home park with primarily tenant owned homes.
  • Nestled in Grovetown, approximately 12 miles from Augusta, Georgia.
  • Tenants pay all utilities, there is a manager on-site who is compensated with a free lot to rent and water.
  • Lot Four is the only park-owned home and presents the opportunity of a lease-to-own program.

OVERVIEW

The Charles Hawkins Manufactured Homes Team is pleased to introduce 211-213 Railroad Avenue in Grovetown, Georgia to the market. Priced at $675,000 with an 11% cap rate, the 22-lot property boasts 90% occupancy. All but one of the homes on this property are tenant-owned. This park runs on city water and sewer, has tenant-paid utilities, and maintains a high occupancy rate, which makes this property an ideal investment. It reliably generates $6,650 a month and has ample value-add opportunity. An on-site manager provides oversight in exchange for free lot rent and water. Conveniently located just outside of Augusta in Grovetown, this is an ideal turnkey asset for investors seeking stable returns. Inquire today to learn more or schedule a viewing.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

22

PRICE/UNIT

$30,682

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mark's Park Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R-2;GENERA

APN/PARCEL ID

G11-034

ASK ABOUT THIS PROPERTY

Georgia FletcherCharles Hawkins Co.More Info
615-256-3189

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Georgia FletcherCharles Hawkins Co.More Info
615-256-3189

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