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- LoopNet Team
3980 Val del Rd
Hahira, GA 31632
Val Del Mobile Home Park · Multifamily Property For Sale
·
52,908 SF
INVESTMENT HIGHLIGHTS
- Unique hybrid property with great income & ±33 acres for more development.
PROPERTY FACTS
| No. Units | 51 | Building Size | 52,908 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1985/1998 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 32.00 AC | ||
| Zoning | P-D, R-A - Planned Development, Residential-Agricultural | ||
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 32.00 AC |
| Building Size | 52,908 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/1998 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | P-D, R-A - Planned Development, Residential-Agricultural |
AMENITIES
SITE AMENITIES
- Picnic Area
- Playground
- Pet Play Area
- Walking/Biking Trails
- Pond
ABOUT 3980 VAL DEL RD , HAHIRA, GA 31632
Under contract. Val Del Rd Mobile Home Park across from 400+ home Nelson Hill Subdivision. Unique hybrid property with great income & 53 total acres (±20 used by park & ±33 undeveloped). Priced based on 10.0% cap on 2020 pro-forma NOI ($148,168), plus 33 acres @ $14,500/acre. 2019 gross $182,629, net $137,478. As of 2-13-20, there are 51 lots (2 vacant), 49 homes (23 park-owned, 26 tenant-owned). On-site private water-sewer system serves existing park & up to 53 new lots (partially developed). County water & sewer on Val Del Rd, connection possible with approval & engineering. ±2173' frontage on Val Del Rd, 938' on Sermons Ln. Site is adjacent to 3 tracts planned for 395 new SFH lots. Assessors' tool says ±58 acres, see pic. 2019 taxes are for real estate & park-owned homes. Summary, financials, layout attached in Docs. Buyer must show proof of funds. No owner financing. Minimum deposit $50k or 2.5%. Sold as-is including all park-owned homes.
PROPERTY TAXES
| Parcel Number | 0071-040 01 | Improvements Assessment | $52,868 |
| Land Assessment | $85,852 | Total Assessment | $138,720 |
PROPERTY TAXES
