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.
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