Crabapple Mobile Home Park

Crabapple Mobile Home Park
Asking Price: $865,000.00
  • Mobile Home Park located west of Atlanta, GA
  • 27 total lots on 10+/- acres
  • 16 park owned rentals average $475/month
  • 11 lot rents average $215/month
  • 100% fully occupied
  • Current rent roll of $9,800 per month
  • Rents last raised in 1st quarter of 2004
  • Great cash flow of $50,700 at the present rates
  • Age of homes 1970's & 1980's - all completely refurbished
  • On site management handles maintenance & rent collection
  • Great investment @ 10.9% Cap Rate

2006 Annual Gross Income: $117,600
2006 Annual Operating Expenses: $18,712
2006 NOI: $87,128

 
Contact Donna Robinson @ 404 542-9903