Bought with Tommy Cangelosi • Georgia Florida Real Estate Services
$1,295,000
$1,295,000
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59,784 SqFt
SOLD DATE : 04/25/2022
Key Details
Sold Price $1,295,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 59,784 sqft
Price per Sqft $21
Subdivision Fox Run Mhp
MLS Listing ID 127814
Sold Date 04/25/22
HOA Y/N No
Annual Tax Amount $10,755
Tax Year 2021
Lot Size 12.460 Acres
Property Description
Easy cashflow awaits you here at Fox Run Mobile Home Park! 41 MHs located in Sparks, GA - a small community tucked away enough to provide residents peace and quiet but close enough to I-75 for easy commuting or traveling. County water & sewer on site for this park with majority double-wide units that have central HVAC units, and many with new roofs. Paved county roads, and each MH permanently attached to the real estate on 41 separate 0.25+ acre parcels providing lots of greenspace and resident privacy! Consistently at 90%+ occupancy with potential gross income of $22,820 / month. 13.74% cap rate at the proforma $177,996 NOI with 35% operating expense factor. Can be purchased alone or with sister property - Chaserville MHP located only 7 miles away! See MLS # & MLS # or contact listing agent for details.
Location
State GA
Area 8-Cook County
Zoning *
Interior
Interior Features Other
Heating Other
Exterior
Exterior Feature Other
Roof Type Shingle,Metal
Building
Story One
Others
Tax ID multiple
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