321 S Main St - Specialty FOR SALE


Adairsville, GA 30103
$890,000 USD
706-263-2598

NO PHOTO

$890,000 USD
Specialty - FOR SALE
null | 4.04% Cap Rate

321 S Main St
Adairsville, GA 30103


OVERVIEW

DOWNTOWN ADAIRSVILLE MOBILE HOME PARK - TURNKEY VALUE-ADD Prime Location | Full Infrastructure | Immediate Income + Major Appreciation Upside CURRENT OPERATIONS: • 4 tenant-occupied homes generating $4,500/month ($54K annually) • Average rent: $1,125/home/month • Current NOI: ~$36,000 (4.0% cap on asking price) • Professionally managed with established tenant base VALUE-ADD OPPORTUNITY - FLEXIBLE EXPANSION: Phase 1 - Quick Income Boost: • 4 homes on-site requiring light rehab • Estimated investment: $60K-80K total • Brings income to $9,000/month immediately • Low-risk, high-return first step Phase 2 - Full Build-Out (12 Total Homes): • 4 vacant pad-ready sites with FULL UTILITIES INSTALLED • Water, sewer, and electric hookups complete and ready • Zoning approved for 12 total homes • All permits in place EXPANSION STRATEGIES (Investor's Choice): Strategy A - Park-Owned Homes (POH): • Bring in quality used or new manufactured homes • Higher rental income through home + lot rent • Full control of asset quality and tenant screening • Stabilized income: $14,000+/month Strategy B - Tenant-Owned (Minimal CapEx): • Market to attract tenants who bring their own homes • Lower capital requirement • Higher lot rent model ($350-400/month) • Passive landlord approach Strategy C - Phased Growth: • Scale at your own pace - 1-2 homes per year • Reinvest cash flow from existing homes • Minimize outside capital requirements CRITICAL INFRASTRUCTURE VALUE: ? City water & sewer to ALL 12 sites (no septic systems) ? Individual electric meters installed at each pad ? Pad sites prepared with proper drainage and access ? Roads, utilities, and layout 100% complete ? Seller has invested $150K+ in infrastructure - INCLUDED IN PRICE Most mobile home parks require $30K-50K per pad just for utilities. This property has ALL infrastructure complete. You're buying below replacement cost for the infrastructure alone. LOCATION & APPRECIATION POTENTIAL - THE REAL STORY: ?? EXPLOSIVE GROWTH CORRIDOR: • Adairsville sits on I-75 between Metro Atlanta and Chattanooga • Part of the fastest-growing region in North Georgia • Bartow County population growth: 15%+ over last decade • Regional employment hubs within 30-mile radius ?? DOWNTOWN REVITALIZATION IN PROGRESS: • City actively investing in downtown improvements • New commercial development adjacent to property • Historic downtown attracting tourism and retail • Main Street improvements and beautification projects underway • Property values rising 8-12% annually in downtown corridor ??? MAJOR DEVELOPMENT CATALYSTS: • New industrial parks and distribution centers along I-75 • Corporate relocations from expensive metros (Atlanta pressure valve) • Multiple residential subdivisions under construction nearby • Limited affordable housing supply = pricing power • Atlanta's housing crisis pushing workers to outlying areas ?? APPRECIATION DRIVERS: • Downtown Adairsville land values up 35%+ in last 5 years • Comparable mobile home parks in region selling at 7-9% cap rates • Institutional investors increasingly active in this market • Property located on Main Street - prime downtown real estate • Long-term hold potential: $1.5M-2M+ valuation within 5-7 years ?? STRATEGIC POSITIONING: • Only mobile home park in downtown Adairsville • Irreplaceable downtown location - no vacant land available • Surrounded by commercial development and traffic • Future rezoning potential for mixed-use development • Land alone becoming increasingly valuable LOCATION SPECIFICS: • Downtown Adairsville - walkable to shops, restaurants, services • 1 mile to I-75 (Exit 306) - 100,000+ vehicles daily • 45 minutes to Atlanta Metro (North Perimeter) • 60 minutes to Chattanooga • Adjacent to Red Roof Inn and commercial plaza • Near major employers: Shaw Industries, Anheuser-Busch, Mohawk FINANCIAL SNAPSHOT: Current (As-Is): • Price: $890,000 • NOI: $36,000 • Cap Rate: 4.0% • Price per occupied unit: $222,500 • Price per potential site: $74,167 • LAND VALUE ALONE: Comparable downtown lots selling for $60K-80K each Stabilized (12 Homes Operating): • Projected Income: $14,000/month ($168K/year) • Projected NOI: $118,000+ • Stabilized Cap Rate: 10-12% (depending on execution) • Market value stabilized: $1.4M-1.7M (at 7-8% cap) • Value creation: $500K-800K equity gain potential Appreciation Scenario (5-Year Hold): • Conservative 6% annual appreciation: $1.19M • Market rate 8% annual appreciation: $1.31M • Plus operational improvements: +$500K • TOTAL EXIT VALUE: $1.8M-2M+ (100%+ return potential) WHY THIS DEAL STANDS OUT: ? Day-one cash flow from existing tenants ? Infrastructure 100% complete - no hidden costs ? Multiple expansion paths to fit any investment strategy ? Downtown location with EXPLOSIVE appreciation potential ? Irreplaceable asset - can't replicate this location ? Low execution risk with massive upside ? Perfect timing - riding North Georgia growth wave ? Institutional-quality asset at mom-and-pop price THIS IS A DOUBLE PLAY: 1. Operational upside: 4% ? 12% cap rate through stabilization 2. Appreciation play: Prime downtown real estate in booming market IDEAL FOR: • Experienced mobile home park operators seeking appreciation • Value-add investors who understand market dynamics • 1031 exchange buyers (cash flow + equity growth) • Long-term wealth builders wanting land appreciation • Family offices and private equity seeking Georgia exposure Property sold as-is. Detailed financials, rent roll, market comps, and expansion plans available under NDA. Serious inquiries only.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

4.04%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Main Mobile Home Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

-

APN/PARCEL ID

A005-0017-016,A005-0017-017

ASK ABOUT THIS PROPERTY

Gabriel MurguiaMani PropertiesMore Info
706-263-2598

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Gabriel MurguiaMani PropertiesMore Info
706-263-2598

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.