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Lawson's Court 104 Lawson Ct 17 Unit Mobile Home Park $995,000 ($58,529/Unit) 11.26% Cap Rate Tifton, GA 31794
EXECUTIVE SUMMARY
Cash Flowing and Stabilized with Upside Manufactured Housing Community on Public Utilities in Tifton, GA.
The Esterson MHC Team is pleased to present Lawson’s Court MHP, a stabilized and turn-key investment opportunity consisting of 17 manufactured housing lots in Tifton, GA. Located along Interstate 75, a major North-South thoroughfare, Tifton serves as the economic and medical hub of the region. It’s also known for distribution centers, manufacturing, agriculture, and research and education. It’s home to the 181-bed Tifton Regional Medical Center, a 1.5 million sq foot Target Distribution center, Kelley Manufacturing Company, the Abraham Baldwin Agricultural College, and the University of GA Tifton Campus. With a steadily growing population and consistently increasing rental rates, this park is well positioned to continue providing affordable housing.
Lawson’s Court MHP is a total of 17 manufactured housing lots consisting of 2 tenant owned home (TOH), 13 rented park owned homes (POH), and 2 vacant POH. The average lot rental rate per month is $500 and the average POH rent above lot rent per month is $510. The POH’s are an average age of 1995 and in good condition. The road is public and paved.
The park is serviced by public water and sewer that are billed directly to tenants. Trash is serviced by curbside bins and is billed directly to tenants. Electricity is also billed directly to tenants. The park is partially in a flood zone. The park is NOT in an opportunity zone.
We are asking investors to submit offers at $1,100,000. All offers must include price, inspection timelines, proof of funds, and relevant real estate experience.
The Esterson MHC Team is pleased to present Lawson’s Court MHP, a stabilized and turn-key investment opportunity consisting of 17 manufactured housing lots in Tifton, GA. Located along Interstate 75, a major North-South thoroughfare, Tifton serves as the economic and medical hub of the region. It’s also known for distribution centers, manufacturing, agriculture, and research and education. It’s home to the 181-bed Tifton Regional Medical Center, a 1.5 million sq foot Target Distribution center, Kelley Manufacturing Company, the Abraham Baldwin Agricultural College, and the University of GA Tifton Campus. With a steadily growing population and consistently increasing rental rates, this park is well positioned to continue providing affordable housing.
Lawson’s Court MHP is a total of 17 manufactured housing lots consisting of 2 tenant owned home (TOH), 13 rented park owned homes (POH), and 2 vacant POH. The average lot rental rate per month is $500 and the average POH rent above lot rent per month is $510. The POH’s are an average age of 1995 and in good condition. The road is public and paved.
The park is serviced by public water and sewer that are billed directly to tenants. Trash is serviced by curbside bins and is billed directly to tenants. Electricity is also billed directly to tenants. The park is partially in a flood zone. The park is NOT in an opportunity zone.
We are asking investors to submit offers at $1,100,000. All offers must include price, inspection timelines, proof of funds, and relevant real estate experience.
PROPERTY FACTS
| Price | $995,000 | Building Class | C |
| Price Per Unit | $58,529 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 17,000 SF |
| Cap Rate | 11.26% | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $995,000 |
| Price Per Unit | $58,529 |
| Sale Type | Investment |
| Cap Rate | 11.26% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 17,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 0060B-161 01 | Improvements Assessment | $0 |
| Land Assessment | $8,000 | Total Assessment | $8,000 |
PROPERTY TAXES
Parcel Number
0060B-161 01
Land Assessment
$8,000
Improvements Assessment
$0
Total Assessment
$8,000
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Lawson's Court | 104 Lawson Ct
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