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Mobile Home Park

Winterfield MHP

400 29th Ave, Columbus, GA 31903

Listing Price: $3,500,000

Cap Rate
4.74%
Number of Spaces
77
Lot Size
28.97 acres
Occupancy
81.8%
Price/Space
$45,455
Spaces/Acre
2.66
Year Built
1980

Investment Overview

Cash-flowing, stabilized asset with upside Winterfield MHP is located in an Opportunity Zone booming city of Columbus GA just south of Atlanta. With quick access to the beautiful downtown and The Chattahoochee Riverwalk, the park provides a clean, safe and affordable option for local residents. The community is located within 2 miles of Walmart and is only minutes away from numerous national and local employers. Winterfield MHP is 82% occupied and comprised of 77 total lots, and has an expansion area that can fit an additional 25 lots (+/-) after receiving municipal approvals. The park has 34 TOH’s and 38 POH including 9 vacant homes. The community has public electric, water, sewer & trash all of which is directly billed to the tenant. We are asking that investors submit offers at or above $3,500,000, which represents a 4.74% cap rate on current lot rental income with a proforma caprate of 11.63%. The park has paved roads and is located in an opportunity zone. Winterfield MHP should qualify for a conventional, recourse bank financing at a 5% interest rate, 75% LTV, and 25-year amortization with a year or two of interest only

Investment Highlights

  • Opportunity Zone
  • Near all urban amenities
  • Directly billed public utilities & paved roads

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

Winterfield MHP

Listing Price: $3,500,000

Cap Rate
4.74%
Number of Spaces
77
Lot Size
28.97 acres
Occupancy
81.8%
Price/Space
$45,455
Spaces/Acre
2.66
Year Built
1980

Investment Highlights

  • Opportunity Zone
  • Near all urban amenities
  • Directly billed public utilities & paved roads

Investment Overview

Cash-flowing, stabilized asset with upside Winterfield MHP is located in an Opportunity Zone booming city of Columbus GA just south of Atlanta. With quick access to the beautiful downtown and The Chattahoochee Riverwalk, the park provides a clean, safe and affordable option for local residents. The community is located within 2 miles of Walmart and is only minutes away from numerous national and local employers. Winterfield MHP is 82% occupied and comprised of 77 total lots, and has an expansion area that can fit an additional 25 lots (+/-) after receiving municipal approvals. The park has 34 TOH’s and 38 POH including 9 vacant homes. The community has public electric, water, sewer & trash all of which is directly billed to the tenant. We are asking that investors submit offers at or above $3,500,000, which represents a 4.74% cap rate on current lot rental income with a proforma caprate of 11.63%. The park has paved roads and is located in an opportunity zone. Winterfield MHP should qualify for a conventional, recourse bank financing at a 5% interest rate, 75% LTV, and 25-year amortization with a year or two of interest only

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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