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Mobile Home Park

Lyons MHP

254 E Clifton Ave, Lyons, GA 30436

Listing Price: $1,100,000

Cap Rate
7.21%
Number of Spaces
46
Lot Size
8.19 acres
Occupancy
74.0%
Price/Space
$23,913
Spaces/Acre
5.62
Year Built
1975

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.

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

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

Lyons MHP

Listing Price: $1,100,000

Cap Rate
7.21%
Number of Spaces
46
Lot Size
8.19 acres
Occupancy
74.0%
Price/Space
$23,913
Spaces/Acre
5.62
Year Built
1975

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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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