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2520 Jonesboro Rd
Atlanta, GA 30315
Colony South Mobile Home Park · Multifamily Property For Sale
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10,000 SF
Executive Summary
The sale is comprised of 10 new mobile homes. The land which they sit on is not for sale.
Purchase price to buy homes $419,000
Contract price sold to tenants $800,000 +/-
Possible interest rate charge 10%
Total interest income over 30 years $1,727,406
Total possible profit $2,108,406
10 homes built between 2021 to 2023 3 bedroom 2 bathroom
Tenants are currently paying $1300/month for each home
Purchase price to buy homes $419,000
Contract price sold to tenants $800,000 +/-
Possible interest rate charge 10%
Total interest income over 30 years $1,727,406
Total possible profit $2,108,406
10 homes built between 2021 to 2023 3 bedroom 2 bathroom
Tenants are currently paying $1300/month for each home
Property Facts
| Price Per Unit | $41,900 | Building Class | C |
| Sale Type | Investment | Lot Size | 8.10 AC |
| Cap Rate | 20.05% | Building Size | 10,000 SF |
| No. Units | 10 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2021 |
| Apartment Style | Low-Rise | ||
| Zoning | C1 | ||
| Price Per Unit | $41,900 |
| Sale Type | Investment |
| Cap Rate | 20.05% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 8.10 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | C1 |
Property Taxes
| Parcel Number | 14-0028-LL-073-7 | Improvements Assessment | $109,840 |
| Land Assessment | $160,120 | Total Assessment | $269,960 |
Property Taxes
Parcel Number
14-0028-LL-073-7
Land Assessment
$160,120
Improvements Assessment
$109,840
Total Assessment
$269,960
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