277 Dogwood Ln - Manufactured Housing/Mobile Housing FOR SALE


Ringgold, GA 30736
$1,250,000 USD
678-313-3034
277 Dogwood Ln, Ringgold, GA for Sale
$1,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/20
null | 10.87% Cap Rate

277 Dogwood Ln
Ringgold, GA 30736


HIGHLIGHTS

  • Close to Interstate I-75
  • Ability to add 23 more Manufactured / Mobile Homes with zero down as part of the 21st Century Cash program

OVERVIEW

42 Pad Mobile Home park on a 6.6 acre lot close to Interstate 75. 19 Units with Mobile homes of which 4 are tenant owned homes, and 15 Park owned. Currently grossing around $12,000+ per month all with active 12 month leases. 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. Potential to fill in all the county approved remaining Pads. Large lot of 6.46+ acres. Tenants pay all utilities including Water, electric to the county. Owners pay for Lawn $150 per month, water ($400 per month) and common trash pickup service of around $215 per month. 100% of available units are occupied and rented with waiting list. 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 amortized over 25 years with balloon in 2 years. Reach out to get more details.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$2 USD /SF

# OF UNITS

42

PRICE/UNIT

$29,762

CAP RATE

10.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capri Mobile Home Community

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.6 AC

LAND SF

287,496 SF

ZONING

A-1

APN/PARCEL ID

0068A-050

ASK ABOUT THIS PROPERTY

Ramesh RamchandranVirtual Properties RealtyMore Info
678-313-3034

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Ramesh RamchandranVirtual Properties RealtyMore Info
678-313-3034

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