Bought with Esau Linares • Keller Williams Greater Athens
$259,900
$259,900
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5 Acres Lot
SOLD DATE : 05/01/2024
Key Details
Sold Price $259,900
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Bellew Mhp
MLS Listing ID 20147629
Sold Date 05/01/24
Construction Status Resale
Year Built 2002
Annual Tax Amount $1,500
Tax Year 2022
Lot Size 5.000 Acres
Property Description
TURN KEY INVESTMENT with Great returns (CAP Rate 11%) - Trailer Park (5 units) kept in Very Good Condition. Gross Monthly Rental Income $3,100; Gross Annual Rental Income $35,100. 100% OCCUPIED. Current being managed by a Management Company making it a hands free. They can continue to manage it OR you can do it yourself. HVAC systems recently replaced on 4 of the units. Newer flooring in a few of the units. Owners updating the properties when there is a vacancy which is a low turnover. Currently - 5 units in place (Singlewide mobile homes) with an option to add 1 more unit/home. Located minutes from Bowman, GA off Hwy 17 close to Elberton, Royston, Athens, Lavonia, and Hartwell.
Location
State GA
County Elbert
Zoning R1
Interior
Heating Electric, Central, Forced Air, Heat Pump
Cooling Central Air
Flooring Carpet, Vinyl
Exterior
Garage Other
Garage Spaces 10.0
Fence Fenced, Privacy, Partial
Utilities Available Cable Available, Electricity Available
Roof Type Composition,Metal
Building
Sewer Septic Tank
Construction Status Resale
Others
Acceptable Financing Conventional, Land Bank Loan, Small Business Loan
Listing Terms Conventional, Land Bank Loan, Small Business Loan
Financing Cash
Special Listing Condition Agent Owned, Investor Owned, Rental
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240 Corporate Center Dr, Ste F, Stockbridge, GA, 30281, United States