2335 ATHENS HIGHWAY, Gainesville, GA, 30507 - Available for Sale

Multifamily For Sale

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Highland Mobile Home Park

2335 ATHENS HIGHWAY, Gainesville, GA 30507

$850,000

51 Spaces | Multifamily

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Multifamily Property For Sale Get Financing

Price:
$850,000
No. Spaces:
51
Price/Space:
$16,666.67
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
12.52%
Occupancy:
95%
Lot Size:
23 AC
Listing ID
17249707
Last Updated
2 days ago

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Highlights

  • Excellent Rental Market
  • Strong job market in Gainesville GA
  • High Occupancy
  • Great Demographics
  • Extra Clean Community

Description

Check out this 12.52 CAP rate on current numbers! Gainesville Georgia has been nominated as one of the Top Ten places for investors to invest by Inman News in 2011. Gainesville's nickname is "The Poultry Capital of the World" because of its deep roots in the poultry processing industry. The area has only a 8.5% unemployment rate and is expected to grow 28.3% in the next 10 years. The area has increased in population by more than 29% in the last 10 years and homes are expected to increase in value by 19.1% in the next 10 years.

Gainesville, Ga., is about an hour northeast of the state' s capital, Atlanta. Government jobs account for only 15 percent of the employment base in the area, however. The area is best known for its poultry processing plants, earning it the nickname Poultry Capital of the World. Three of the top five employers for Hall County, which comprises the Gainesville metro area, are chicken producers: Fieldale Farms Corp., Mar Jac Poultry Inc. and Pilgrims Pride Corp. The other two are staffing company Willstaff Inc. and Northeast Georgia Medical Center Inc. The area has an 8.5 percent unemployment rate and is expected to see 28.3 percent job growth in the next 10 years. *** all information is provided Inman News***

Financial Summary

  • Actual
  • $106,420

Map of 2335 ATHENS HIGHWAY, Gainesville, GA 30507 (Hall County)

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Asking Price Index Trends for Gainesville, GA Multifamily For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$42,818+4.1%+13.6%

View Gainesville Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 7/18/2011
Highland Mobile Home Park
  • Multifamily
  • $850,000
  • 51 Spaces