Bought with NON MLS SALES NON MLS SALES • NON MLS OFFICE
$500,000
$399,000
25.3%For more information regarding the value of a property, please contact us for a free consultation.
143 Moore Lane Ashburn, GA 31714
16.28 Acres Lot
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Subdivision Southern Villas
MLS Listing ID 129120
Sold Date 09/26/22
HOA Y/N No
Annual Tax Amount $1,271
Tax Year 2021
Lot Size 16.280 Acres
Property Sub-Type Multi Unit
Property Description
Don't miss this opportunity! Mobile Home Parks are a very hot commodity right now. And at this price, this one won't last long. Currently 100% occupied, 19 lots rent for $150.00 per month ($2,850 total). Plus 3 park owned mobile homes that bring in an additional $1,235.00 per month. Total annual income is $49,020 minus 20% for expenses leaves you with basically a 10% CAP at list price. This is based on 22 lots total. But there's room to expand the park by an additional 13 lots very easily. All lots/mobile homes are separately billed by the city for utilities. You could also expand it even further with a little more work to get 44-48 lots total. Huge upside potential!!! Call your investors now. Because again, this one won't last long.
Location
State GA
Area 11-Other
Zoning M-F
Interior
Interior Features None
Heating Other
Cooling Other
Flooring Other
Exterior
Exterior Feature None
Roof Type Shingle,Metal
Porch None
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID 005 018A 005C
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