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Walker's Crossing Mobile Home Park 7322 Highway 122 E 13 Unit Mobile Home Park $949,000 ($73,000/Unit) 9.10% Cap Rate Ray City, GA 31645
INVESTMENT HIGHLIGHTS
- Close to Moody Air Force Base
- Updated units - turnkey income
- High growth and sought after north Lowndes County location
EXECUTIVE SUMMARY
Walker's Crossing Mobile Home Park in northeast Lowndes County is a rare opportunity to invest in a turnkey operation and create value immediately or over time when units naturally turn! 14 pad sites, with 13 park-owned homes updated over the past couple of years attract and retain highest quality tenants paying premium rents! Just north of one of the largest economic drivers in South Georgia - Moody Air Force Base - this high-growth location and product is unmatched. The Moody Activity Zone (MAZ-II) zoning in place restricts new multi-family and / or mobile home park development creating a long-term competitive advantage for this grandfathered-in location. Current rents at $11,075 / month peg this investment at a 9.1% in place cap rate with 35% operating expense factor. Pushing under market rents up even slightly puts this north Lowndes County MHP at an 11%+ cap!! Well and septic in place, mobile-home units individually metered and direct billed by utility provider for power. One extra pad / vacant lot can be developed for mini-storage for additional income. 2 double-wides, 11 single-wides provide a variety of 1/1, 2/1, and 3/2 housing options. Small storage building on site provides room for equipment / supplies. These clean and affordable mobile home park investments are rare for this market - call for rent roll and financials on this solid investment opportunity today!!!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $949,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $73,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 3.39 AC |
| Cap Rate | 9.10% | Building Size | 12,648 SF |
| Gross Rent Multiplier | 7.14 | No. Stories | 1 |
| No. Units | 13 | Year Built | 1990 |
| Property Type | Multifamily | ||
| Zoning | MAZ-II - Moody Activity Zone - Level II - this zoning protects nearby Moody Air Force Base from new high-density residential development. T | ||
| Price | $949,000 |
| Price Per Unit | $73,000 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| Gross Rent Multiplier | 7.14 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Lot Size | 3.39 AC |
| Building Size | 12,648 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | MAZ-II - Moody Activity Zone - Level II - this zoning protects nearby Moody Air Force Base from new high-density residential development. T |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | $1,023 | - |
| 2+2 | 3 | $822.50 | - |
| 2+1 | 3 | $772.50 | - |
| 1+1 | 1 | $750.00 | - |
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PROPERTY TAXES
| Parcel Number | 0175-140 01 | Total Assessment | $21,534 (2024) |
| Land Assessment | $7,230 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $14,304 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0175-140 01
Land Assessment
$7,230 (2024)
Improvements Assessment
$14,304 (2024)
Total Assessment
$21,534 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Walker's Crossing Mobile Home Park | 7322 Highway 122 E
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