This Multifamily Property is Off-Market.

2331 Milledgeville Road
Augusta, GA 30904 ·

19 Spaces · Multifamily For Sale

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Mobile Home Park & Leased Restaurant

Price N/A Property Use Type Investment
No. Spaces 19 Commission Split 4%
Property Type Multifamily Lot Size 2.71 AC
Property Sub-type
Mobile Home/RV Community
More...
  • Restaurant
APN / Parcel ID 071-4-031-00-0
Listing ID: 17471930 Date Created: 01/05/2012 Last Updated: 03/25/2014

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.

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

Research

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

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