MHP For Sale @ 8% Cap - Great expansion Oppurtunity! (Albany, GA)


I currently have a portfolio of 3 separate parks as a bundle deal for sale in Albany, GA (Assignment of Contract). It has a total of 30 units (Including 1 SFR). 6 are tenant owned, and 24 park owned. It comes with great expansion possibility with the potential to be 69 total units (Comes with 39 Vacant Lots), on 18.06 acres.

Gross Income- $113,940
Taxes - $3,569
Insurance - None (Est. 3k if you were to get insurance)
Operating expenses - $27,357.96 (the operating expenses are with a 8% management fee, 5% yearly repairs, and 8% yearly vacancies included)
Net Income- $80,013.04
Asking- $995,000
Cap Rate- 8%
No. Units- 30

All 3 parks are on individual meters as well.

If you or anybody you know are interested or have any questions, let me know!


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