4129 Browns Bridge Road, Dalton, GA, 30721 - Available for Sale

Multifamily For Sale

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Joe Garmleys Mobile Home Rentals

4129 Browns Bridge Road, Dalton, GA 30721

$1,295,000

57 Spaces | Multifamily

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Multifamily Property For Sale Get Financing

Price:
$1,295,000
No. Spaces:
57
Price/Space:
$22,719.30
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3.5%
Cap Rate:
12.30%
Gross Rent Multiplier:
7.30
Occupancy:
97%
Lot Size:
28.75 AC
APN / Parcel ID:
0015SC019
Listing ID
16758972
Last Updated
31 days ago

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Description

Rentals consist of 31 Mobile Homess + 20 MiniWarehouses + 1 Apartmnet + 4500SF House- Barn, Lake, all strategically located on -
** Acreage- 29 ¾ +/-
** Owners Custom Built (1990) Home, 2392 Sq Ft, 4Br 2Bth, w/wrap around porch, 18x36 In ground Pool, 2 Car detached garage, Updated Kitchen, Corian counter tops, Tile, Hardwood and carpet through out, (Home would rent for $1,000+/Mo.) Separate 2BR-1Bth Apartment that rents for $672/Mo.(840 SF_ A 40x60 Barn, 6 Ac. Socked Lake.
** 24 Mini-Warehouses, rens @ $40/Mo/unit. (70 x 28' Bldg)(Expandable)
** Current Annual Gross - $178.2K * NOI $159.2K * CAP 12.3%** ** Improved Mobile Home lots- 31.
** Lots are on Septic Tanks, County Water, (2-200' deep wells-
Stand-by), Electrical is individually metered.
** On Site Maintenance and Management.
** 31 Mobile homes are owned by the Park.
** Homes rents vary, average $390/Mo.
** Additional lots could be added.
** Streets are graveled.The Conasauga River joins the property.
** Will separate and sell 26 MHomes on 20 Ac for $750,000

Rural, near Industry, Shopping, Schools etc. Full property details available - contact Ted for more no obligation details..

Financial Summary

  • Actual
  • $179,225

Map of 4129 Browns Bridge Road, Dalton, GA 30721 (Whitfield County)

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Asking Price Index Trends for Dalton, GA Multifamily For Sale

  Mar 14 vs. 3 mo.
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State
$42,818+4.1%+13.6%

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Created 7/14/2010
Joe Garmleys Mobile Home Rentals
  • Multifamily
  • $1,295,000
  • 57 Spaces