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16 Pleasant Hill Dr - Pleasant Hill Mobile Home Park 7.24 Acres of Commercial Land Offered at $2,250,000 in Talmo, GA 30575
INVESTMENT HIGHLIGHTS
- 53 of 54 pads leased with strong historical occupancy
- Located near I-85 and major employment centers
- Includes leased commercial space and storage building
- Turn-key management available for streamlined operations
- Average household income over $100K within 10 miles
EXECUTIVE SUMMARY
This manufactured housing community presents a strong investment opportunity with steady occupancy and strong historical financials. Park consists of 54 pads (3 of the units are RTO), a commercial space, storage building and abandoned church. 53 of the 54 spaces are leased as well as the storage building. The most recent lease renewals have the pad rent at $425 and a $75 water reimbursement. Because the landlord has no maintenance responsibilities the expenses are low, and management is easy. Turn-key Management is available. Landlord is responsible for water, landscaping, property taxes and insurance. Park has paved roads and is on septic tanks.
Located in Talmo, GA, this community offers a quiet, rural setting with easy access to I:85, local industry and several large employers. Situated in Jackson County, it provides a peaceful environment while remaining convenient to Gainesville, Jefferson, and major highways.
Located in Talmo, GA, this community offers a quiet, rural setting with easy access to I:85, local industry and several large employers. Situated in Jackson County, it provides a peaceful environment while remaining convenient to Gainesville, Jefferson, and major highways.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$276,101
|
$38,135.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$276,101
|
$38,135.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
$113,163
|
$15,630.25
|
| Total Expenses |
$113,163
|
$15,630.25
|
| Net Operating Income |
$162,938
|
$22,505.25
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $276,101 |
| Annual Per AC | $38,135.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $276,101 |
| Annual Per AC | $38,135.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | $113,163 |
| Annual Per AC | $15,630.25 |
| Total Expenses | |
|---|---|
| Annual | $113,163 |
| Annual Per AC | $15,630.25 |
| Net Operating Income | |
|---|---|
| Annual | $162,938 |
| Annual Per AC | $22,505.25 |
PROPERTY FACTS
| Price | $2,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Manufactured Homes or Mobile Home Park |
| No. Lots | 1 | Total Lot Size | 7.24 AC |
| Property Type | Land |
| Price | $2,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 7.24 AC |
1 LOT AVAILABLE
Lot
| Price | $2,250,000 | Lot Size | 7.24 AC |
| Price Per AC | $310,773.48 |
| Price | $2,250,000 |
| Price Per AC | $310,773.48 |
| Lot Size | 7.24 AC |
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16 Pleasant Hill Dr - Pleasant Hill Mobile Home Park
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