Historical Multifamily Sale Listing - Mobile Home Park & Leased Restaurant

Multifamily For Sale

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Mobile Home Park & Leased Restaurant

2331 Milledgeville Road, Augusta, GA 30904

N/A

19 Spaces | Multifamily

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King of Wing

Multifamily Property - Off Market

Price:
N/A
No. Spaces:
19
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Restaurant
Property Use Type:
Investment
Commission Split:
4%
Lot Size:
2.71 AC
APN / Parcel ID:
071-4-031-00-0
Listing ID
17471930
Last Updated
182 days ago

Highlights

  • Well established restaurant tennant
  • Good long term residential renters
  • Recent capital improvement made
  • $52,000 Annual Gross Revenue
  • Owner Financing Available
  • Additional Adjacent Land Availalbe

Description

Great cash flow investment! Property includes leased, well-established restaurant and 19 unit mobile home park. The 2,416 restaurant leases for $1,200/month with three years remaining before another 5 year option at $1,600/month. House of Cheung - King of Wings is renowned in the area for their wings.
Mobile home park is located behind the restaurant and includes 6 mobile homes and 13 lots. Homes avg $296/month, and lots avg $120/mo. Total gross revenue is $54,420. Property just received $7,762 in capital improvements and upgrades.

Property is located on Milledgeville Road across the street from the Family Y community center, and near the intersection with Deans Bridge Road.

Map of 2331 Milledgeville Road, Augusta, GA 30904 (Richmond County)

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