489 Pen Dr - Manufactured Housing/Mobile Housing FOR SALE


Ellijay, GA 30540
$895,000 USD
404-820-0150
489 Pen Dr, Ellijay, GA for Sale
$895,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | Request Cap Rate

489 Pen Dr
Ellijay, GA 30540


OVERVIEW

Calling all investors. Mobile Park for sale in Ellijay, GA. The development is nestled off Pen Dr and Tulip Lane, near downtown. There are 5 parcels, 15 lots, 13 homes (built and owner financed, there are only 13 homes on the 15 lots because an additional lot was purchased by a homeowner to give them more acreage). There are 2 vacant lots. On one of the two vacant lots, the owner has just added a new mobile home and it's in the final stages of completion. The seller will be adding an additional home to the last lot upon completion. The new buyer will be able to sell, lease and charge lot rent for additional income. If you are ready to start making money right away with no expenses, this is the investment opportunity for you!  For $950K you Purchase guaranteed mortgage notes and collect over $1.5M for the term of the notes. Additional benefits to buying this land includes, two new homes added on the vacant lots available for your buyer to collect $$$ from selling or leasing. Seller is currently collecting additional income $300.00 per month on the last vacant lot. Keep in mind, a new home will be added soon. The seller also collects for water averaging over $330 per month. Income from HOA fees to be determined by new owner

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$969 USD /SF

# OF UNITS

15

PRICE/UNIT

$59,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.6 AC

LAND SF

374,616 SF

ZONING

R2

APN/PARCEL ID

3079D-010,3079D-010A,3079D-010B,3079D-012,3079D-012A

ASK ABOUT THIS PROPERTY

Kacino LiggensThe Kacino Real Estate Group (KRG)More Info
404-820-0150

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Kacino LiggensThe Kacino Real Estate Group (KRG)More Info
404-820-0150

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