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Listed by Angela A Strickland Crossway Realty
$699,000
Est. payment /mo
3.06 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision No Recorded Subdivision
MLS Listing ID 1659242
Annual Tax Amount $96
Tax Year 2025
Lot Size 3.060 Acres
Acres 3.06
Source ScoutMLS
Property Description
TInvestment Opportunity – 24-Lot Mobile Home Park | 11% Cap RateThis 24-lot mobile home park offers a strong mix of current income, operational stability, and value-add potential.Financial Overview:Annual Gross Rent: $91,500Annual Net Income: $76,845.62 (as of 03/31/2026)Cap Rate: 11%Average Rent (Park-Owned Homes): $625/monthCurrent Occupancy:13 park-owned mobile homes – tenant occupied1 tenant-owned home – long-term lot rentMajority of tenants are under lease agreementsTenants pay utilitiesValue-Add Opportunities:3 abandoned homes (seller actively working to secure titles)1 unit down to shell – ready for remodel1 additional home in need of renovationExpansion Potential:5 vacant lots with existing water, sewer, and electrical already in placeMarket lot rent for these sites estimated at $250–$350/monthOpportunity to add park-owned homes or expand lot rent portfolioOperations:Currently managed by a professional property management company, offering a turnkey investment opportunity for new ownership. With infrastructure in place and multiple avenues to increase revenue, this property is well-positioned for an investor seeking immediate cash flow with upside through expansion and improvements.
Location
State GA
County Ware
Direction From City Blvd, turn on to Central Ave. Mt Pleasant is the first paved road to the right. The park is located on the right. This mobile home park is located just outside the city limits, in Ware County.
Building
New Construction No
Others
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Valerie Burnett
Broker Associate | License ID: 364875
Broker Associate License ID: 364875