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Listed by Tommy Cangelosi Landmark Realty and Investments, LLC
$425,000
Est. payment /mo
9 Beds
6 Baths
25,300 SqFt
Active
228 E Grow St #28 Colquitt, GA 39837
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 25,300 sqft
Price per Sqft $16
Subdivision Mhp
MLS Listing ID 153832
Bedrooms 9
HOA Y/N No
Lot Size 5.240 Acres
Lot Dimensions 5.24
Property Sub-Type Investment
Property Description
VALUE ADD OPPORTUNITY!! $18,500/unit! - 27 unit mobile home park located in Colquitt, GA on county water and sewer. The park is currently 22.2% occupied, with only one additional vacant unit considered rent ready.This is not being presented as a stabilized asset, but rather as a repositioning opportunity with significant upside through renovations, lease up, and operational improvements. Several of the vacant units need varying levels of rehab including flooring, paint, appliances, and general deferred maintenance. The positive side is that the infrastructure is already in place, the park has scale with 27 total units(all park owned), and there is a clear path to increasing occupancy and revenue for an investor willing to put capital and management into the property. Opportunities to acquire parks with this much upside are becoming harder to find.Several of the vacant units need varying levels of rehab including flooring, paint, appliances, and general deferred maintenance. Rent roll and additional information available upon request. SQFT is estimated. Utilities are separately metered and paid by the tenants.
Location
State GA
Area 11-Other
Zoning Com NEC
Interior
Interior Features None
Heating None
Cooling Wall/Window Unit(s), None
Appliance None
Exterior
Exterior Feature None
Parking Features Other
View Y/N No
Garage No
Building
Story 1
Sewer County
Water County
Level or Stories One
Others
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