Residential Income in Lagrange

$2,750,000

2184 Point, 30240, Lagrange, GA

Residential Income for sale in Lagrange, 2184 Point, 30240

2184 Point, 30240, Lagrange, GA

$2,750,000

Type: Residential Income

Description

LAND AND ALL 32 HOMES INCLUDED. 11% CAP RATE. This is not a lot-rent-only park. The sale of Oakview Mobile Home Park includes the 11.09-acre parcel AND all 32 park-owned homes, each 3 bedrooms/2 baths. Tenants rent the home and the lot together, so the owner collects full home rent, not just pad rent. 28 homes are occupied, 1 houses the on-site maintenance resident, and 3 are freshly renovated and ready to lease. Seller reports $327, 660 gross annual rent (about $881/month per rental home) and $303, 561 NOI. At the $2, 750, 000 asking price, that's an 11.0% cap rate and $85, 938 per home, land included. Annual expenses reported by seller are $24, 099 (taxes $8, 554, insurance $12, 246, registrations, common electric). Public water, Flood Zone X. Flat, level land under 3 homes per acre with open ground for possible expansion, subject to county approval. On West Point Rd near the Kia Georgia plant, retail, and services. Figures are seller-reported and unaudited. Buyer to verify all information. Rent roll, T-12, and home titles available with signed NDA. Do not disturb tenants; showings by appointment only.

Agent Information

Location

2184 Point, 30240, Lagrange, GA

Data

Object TypeResidential Income
Purchase Price$2,750,000
Living Space0 m²
Plot Size44879.62 m²
BathroomsN/A
Construction Year2000
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral
Primary Energy SourceN/A
Construction Year2000
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent