Warner Robins, GA 31093,517 Sullivan Road
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Warner Robins, GA 31093,517 Sullivan Road
Warner Robins, GA 31093,517 Sullivan Road
Warner Robins, GA 31093,517 Sullivan Road
Warner Robins, GA 31093,517 Sullivan Road
Listed by John Courson • FIRST COMMERCIAL REAL ESTATE
Bought with John Courson • FIRST COMMERCIAL REAL ESTATE

$330,000

Est. payment /mo

$395,000

16.5%
Est.Price: ?

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517 Sullivan Road Warner Robins, GA 31093

13,272 SqFt

SOLD DATE : 04/03/2020

Key Details

Sold Price $330,000

Property Type Multi-Family

Sub Type Multi Unit

Listing Status Sold

Purchase Type For Sale

Square Footage 13,272 sqft

Price per Sqft $24

Subdivision Warner Robins

MLS Listing ID 119912

Sold Date 04/03/20

HOA Y/N No

Annual Tax Amount $1,085

Tax Year 2019

Lot Size 3.490 Acres

Property Description

Creekside Mobile Home Park in Warner Robins GA is a unique investment opportunity with steady turn-key income in place. 100% occupancy for this entry-level MHP where all 12 units are setup to pay monthly lot rent through user-friendly free "Cozy" software. 7 units are lot-rent-only residents who own their homes, 4 units are current in short term rent-to-own ("RTO") scenarios, and 1 unit is a park-owned home ("POH"). Super clean 3.49 acres with paved interior road, water, sewer, trash, and lawn included in lot rent. $3,497 / monthly income from lot rents for annual gross of $41,964, currently at 25% operating expense for net income of $31,473. RTO balance ($44,920 as of 12/31/19) / promissory notes to be transferred to buyer at closing. Stabilized 9.0% cap rate is a rare find in a location with so much upside and value-add potential! Check this out! http://www.creeksidemhpark.com/

Location

State GA

Area 11-Other

Zoning R-1

Interior

Interior Features None

Heating Other

Exterior

Exterior Feature None

Building

Story One

Sewer Septic Tank

Water Shared Well

Others

Tax ID 00095A 027000

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Susan Cook

Broker Associate | License ID: 394856

+1(229) 269-1041

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