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254 E Clifton Avenue, Lyons, GA

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254 E Clifton Avenue

Lyons, GA 30436-3923

Property Type:Multi-Family Number of Units:42 Status:Existing Year Built:-
Stories:- Building Size:5,000 SF Land Area:6.21 AC (270,508 SF)
For Sale Price:$409,750 Price/Unit:$9,755.95 Cap Rate:10.00 % GRM:-


Sale Notes:
Lee & Associates is pleased to present the sale of the CKT Mobile Home Park in Lyons, GA. The park contains 42 pads with 26 lot renters, 16 Tenants on rent-to-own contracts, and 0 vacancies. Currently, the park has city water and sewer that is sub-metered DIRECTLY to the tenants, so there are very few landlord responsibilities. The park is grandfathered in under MHP zoning in Toombs County, and there is room to expand roughly 10-15 pads. Management is already in place for an incoming buyer, and the park manager is also the local fire marshal for the area, which makes it easier to bring in used/new homes into the park. OWNER FINANCING is available for this deal, but will require a minimum down payment of 20-30%. The sellers have NO INTEREST in financing a deal with a 10%, 5% or 0% down payment.

Owner wants buyer to make an offer on park-owned homes. They are not included in this price.

Lee & Associates Commercial Real Estate Services
Maxwell Baker
(404) 442-2810

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