Mobile Home Park
Lyons MHP
254 E Clifton Ave, Lyons, GA 30436
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to present Lyons MHP located in Lyons, Georgia. The subject property consists currently consists of 46 total pads, 29 Tenant owned homes, 9 Vacant Pads, 5 Rent-to-own, 3 Unrenovated Park owned homes. The City is pending approval to add an additional 20 Pads on the property to bring the total to 66 Pads. Tenants are responsible for all utilities, Electric, Water/Sewer, Trash, and Landscaping. The property is on City Water & Sewer, the Mobile Homes have a mix of HCAV/Window Units. The owner has an on-site manager that gets free Lot Rent and charges 5% fee, the manager will stay on for new ownership. New Ownership has an opportunity to acquire a MHP that has been renovated in the past year with the ability to increase Lot Rent by $50 by the end of the year.
Exclusively Listed By
Broker of Record
Listing Price: $1,100,000
Investment Highlights
- Recently Renovated Ability to Increase Rents
- On-Site Manager will stay on
- Ability to Add Additional Pads Majority RTO/TOH - Minimal Operating Expenses
Investment Overview
Marcus & Millichap is pleased to present Lyons MHP located in Lyons, Georgia. The subject property consists currently consists of 46 total pads, 29 Tenant owned homes, 9 Vacant Pads, 5 Rent-to-own, 3 Unrenovated Park owned homes. The City is pending approval to add an additional 20 Pads on the property to bring the total to 66 Pads. Tenants are responsible for all utilities, Electric, Water/Sewer, Trash, and Landscaping. The property is on City Water & Sewer, the Mobile Homes have a mix of HCAV/Window Units. The owner has an on-site manager that gets free Lot Rent and charges 5% fee, the manager will stay on for new ownership. New Ownership has an opportunity to acquire a MHP that has been renovated in the past year with the ability to increase Lot Rent by $50 by the end of the year.
Exclusively Listed By
Broker of Record
