Skip to main content

Mobile Home Park

Smith MHP

675 S State St, Lyons, GA 30436

Listing Price: $825,000

Cap Rate
7.33%
Number of Spaces
20
Lot Size
3.80 acres
Occupancy
95.0%
Price/Space
$41,250
Spaces/Acre
5.26
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present Smith Mobile Home Park in Lyons, GA. The park consists of 20 Pads - 18 Park Owned Homes, 1 Tenant Owned Home, and 1 Vacant Pad on two parcels totaling +/- 3.63 Acres. The Park is on City Water & Sewer, half the units have HVAC and half window units. The tenants are responsible for all utilities Water & Sewer, Trash, Electric, and Landscaping. Current ownership has local management in place. New ownership has the opportunity to fill in the vacant pad, add additional pads, and increase rents through improvements to the park.

Investment Highlights

  • Strong Rental History
  • Established and Consistent Cash Flows
  • Value-Add potential through increasing rents

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

Smith MHP

Listing Price: $825,000

Cap Rate
7.33%
Number of Spaces
20
Lot Size
3.80 acres
Occupancy
95.0%
Price/Space
$41,250
Spaces/Acre
5.26
Year Built
1982

Investment Highlights

  • Strong Rental History
  • Established and Consistent Cash Flows
  • Value-Add potential through increasing rents

Investment Overview

Marcus & Millichap is pleased to present Smith Mobile Home Park in Lyons, GA. The park consists of 20 Pads - 18 Park Owned Homes, 1 Tenant Owned Home, and 1 Vacant Pad on two parcels totaling +/- 3.63 Acres. The Park is on City Water & Sewer, half the units have HVAC and half window units. The tenants are responsible for all utilities Water & Sewer, Trash, Electric, and Landscaping. Current ownership has local management in place. New ownership has the opportunity to fill in the vacant pad, add additional pads, and increase rents through improvements to the park.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower