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Mobile Home Park

Ashburn MHP

1657 Joe Lawrence Rd, Ashburn, GA 31714

Listing Price: $1,200,000

Cap Rate
8.95%
Number of Spaces
40
Lot Size
17.44 acres
Occupancy
100.0%
Price/Space
$30,000
Spaces/Acre
2.29
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present Ashburn MHP located in Ashburn, Georgia. The subject property consists of 40 total pads – 30 Rent-to-own, 6 Unrenovated Park Owned Homes, 3 Vacant Lots, 1 Tenant Owned Home. Current ownership is working on getting the 6 unrenovated Park Owned Homes renovated. Those units will be converted to Rent-to-own for $300 Lot Rent and $100 in mortgage payments on a 36-month term. Tenants are responsible for all utilities Electric, Water, Trash, and Landscaping around their Mobile Home. The property is on City Water, Sewer is Septic, and all units have HVAC. The owner has a on-site Manager that receives free rent and maintains the property. The Manager would stay on with new ownership. New Ownership has an opportunity to acquire a MHP with a majority of the tenants on Rent-to-own that allows for less management and expenses.

Investment Highlights

  • Ability to Increase Rents
  • On-site Manager will stay on Low Management/Operational Expenses
  • Majority RTO/TOH - Minimal Operating Expenses

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Mobile Home Park

Ashburn MHP

Listing Price: $1,200,000

Cap Rate
8.95%
Number of Spaces
40
Lot Size
17.44 acres
Occupancy
100.0%
Price/Space
$30,000
Spaces/Acre
2.29
Year Built
1970

Investment Highlights

  • Ability to Increase Rents
  • On-site Manager will stay on Low Management/Operational Expenses
  • Majority RTO/TOH - Minimal Operating Expenses

Investment Overview

Marcus & Millichap is pleased to present Ashburn MHP located in Ashburn, Georgia. The subject property consists of 40 total pads – 30 Rent-to-own, 6 Unrenovated Park Owned Homes, 3 Vacant Lots, 1 Tenant Owned Home. Current ownership is working on getting the 6 unrenovated Park Owned Homes renovated. Those units will be converted to Rent-to-own for $300 Lot Rent and $100 in mortgage payments on a 36-month term. Tenants are responsible for all utilities Electric, Water, Trash, and Landscaping around their Mobile Home. The property is on City Water, Sewer is Septic, and all units have HVAC. The owner has a on-site Manager that receives free rent and maintains the property. The Manager would stay on with new ownership. New Ownership has an opportunity to acquire a MHP with a majority of the tenants on Rent-to-own that allows for less management and expenses.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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