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2210 Elberta Rd
Warner Robins, GA 31093
Meadow Haven Mobile Home Community · Multifamily Property For Sale
·
36,000 SF
PROPERTY FACTS
| No. Units | 36 | Lot Size | 6.28 AC |
| Property Type | Multifamily | Building Size | 36,000 SF |
| Property Subtype | No. Stories | 1 | |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | ||
| Zoning | R3 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 6.28 AC |
| Building Size | 36,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | R3 |
ABOUT 2210 ELBERTA RD , WARNER ROBINS, GA 31093
2020 YTD through July has net income of 47,000. Annualize that income and take out taxes/insurance and net income is $77,072 or a 8.56% cap rate at 900k price. 100% collections during COVID. 36 space mobile home park. 32 spaces are occupied currently. 4 units are RTO. 27 units are space renters. 5 spaces are vacant. Rent increase to $260 scheduled for January 1st 2021. All utilities are individually metered and landlord pays no utilities. Landlord pays taxes and insurance as well but does change the RTO units mobile home taxes and insurance back. Park is very easy to operate. Space rent has lots of room for growth and is way below market rents which are all around $325 per space. Local bank financed the park for current owner. No seller financing offered. Located in the city of Centerville in Houston County. Centerville is just outside of Warner Robins. Area is primarily residential and close to good schools and lots of retail growth.
