480 Kamera Road - Manufactured Housing/Mobile Housing FOR SALE


Douglas, GA 31535
$4,950,000 USD
407-758-3166
480 Kamera Road, Douglas, GA for Sale
$4,950,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/1
null | 8.73% Cap Rate

480 Kamera Road
Douglas, GA 31535


HIGHLIGHTS

  • 165 Mobile Home and RV Lots
  • 91 Acres
  • Improvements include water, electricity, sewage, internet, roads, and laundry service
  • Opportunity to expand approximately 50 additional Mobile Home / RV spaces

OVERVIEW

91-acre mobile home & RV park with 165 lots connected to Electricity, Sewage, Water, Internet, Roads, and public laundry service. Multiple value-add opportunities.. There is enough space for approximately 50 additional lots. Current lot rents are well below the market average. The monthly water bill to mobile home tenants is currently only $40 and can easily be increased. Multiple home loans currently in repayment status are in place and multiple Rent-To-Own contracts are in place. These will be transferred to the new owner with approximately $300,000 in principal alone. 4 onsite wells in excellent condition. These wells are regularly monitored/maintained and existing well/water rights will be conveyed to the new ownership. On-site septic is well maintained & up-to-date. Existing CCTV and WiFi system throughout the park is owned and will be conveyed to new ownership. There are three loans to be assumed by the new buyer for one tiny home and two newer mobile homes, each with an approximate loan amount of $35K-$40K. The facility is maintained with a fully automated electronic payment system in place. Guests can easily make credit card payments for their charges online, thus allowing for a streamlined and controlled operation of income. The seller is willing to provide on-site training as needed and the software company offers an extensive training protocol for new ownership. This property is also located within an Opportunity Zone, allowing investors to enjoy valuable tax benefits!

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,980 USD /SF

# OF UNITS

165

PRICE/UNIT

$30,000

CAP RATE

8.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

91 AC

LAND SF

3,963,960 SF

ZONING

RM

APN/PARCEL ID

0101-150,PB-21161

ASK ABOUT THIS PROPERTY

Matt WhiteSloane Realty, LLC / Matthew WhiteMore Info
407-758-3166

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Matt WhiteSloane Realty, LLC / Matthew WhiteMore Info
407-758-3166

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