Log In/Sign Up
Your email has been sent.
Cash Flowing MHP - 96% Occupied - Elberton 1055 Country Manor Ln 27 Unit Mobile Home Park $1,500,000 ($55,556/Unit) 10.88% Cap Rate Elberton, GA 30635
Investment Highlights
- 24 Park Owned MH's
- Well Maintained Park
- Elbert County
- 1 Vacant Lot
- Property On Sewer
- 2 Privately Owned MH's
Executive Summary
1055 Country Manor Lane offers a unique opportunity to acquire a wellpositioned cash flowing mobile home park (MHP) in Elberton, Georgia — widely known as the “Granite Capital of the World.” Set on a spacious 5.19 acre lot with ample parking and easy access, this park contains 27 total lots, 24 park owned
MH's, 2 private owned MH's, and 1 lot with a burnt MH. Property is nestled between Walmart, Ingles, and surrounding multi-family. The park sits +/-2 miles from the City of Elberton.
Within the last 18 months 10 of the 24 park owned MH's have been fully renovated and re-leased. The current gross monthly rental income is $18,100+. Current owner has invested +/-$235,000 in renovations to the property.
Utilities:
Water - 1 Meter for Park - Tenants Reimburse
Sewer - County
Electric - Individual MH Meters
Each tenant is screened via tenant application and is required to pay 1 month's
rent + security deposit (equal to 1/mo rent).
MH's, 2 private owned MH's, and 1 lot with a burnt MH. Property is nestled between Walmart, Ingles, and surrounding multi-family. The park sits +/-2 miles from the City of Elberton.
Within the last 18 months 10 of the 24 park owned MH's have been fully renovated and re-leased. The current gross monthly rental income is $18,100+. Current owner has invested +/-$235,000 in renovations to the property.
Utilities:
Water - 1 Meter for Park - Tenants Reimburse
Sewer - County
Electric - Individual MH Meters
Each tenant is screened via tenant application and is required to pay 1 month's
rent + security deposit (equal to 1/mo rent).
Property Facts
| Price | $1,500,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $55,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.34 AC |
| Cap Rate | 10.88% | Building Size | 19,602 SF |
| No. Units | 27 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | R2 | ||
| Price | $1,500,000 |
| Price Per Unit | $55,556 |
| Sale Type | Investment |
| Cap Rate | 10.88% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 5.34 AC |
| Building Size | 19,602 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 28 | $825.00 | 784 - 924 |
| 2+1 | 24 | $912.50 | 672 - 770 |
| 3+2 | 15 | $617.50 | 924 - 1,216 |
1 1
Property Taxes
| Parcel Number | 042F-011 | Improvements Assessment | $26,943 |
| Land Assessment | $51,900 | Total Assessment | $78,843 |
Property Taxes
Parcel Number
042F-011
Land Assessment
$51,900
Improvements Assessment
$26,943
Total Assessment
$78,843
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cash Flowing MHP - 96% Occupied - Elberton | 1055 Country Manor Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.