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Listed by Caleb Ross Canopy Realty Group
$369,000
Est. payment /mo
5,528 SqFt
Pending
52 Dowdy Ln- Mobile Home Park #5 Ray City, GA 31645
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Key Details
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Pending
Purchase Type For Sale
Square Footage 5,528 sqft
Price per Sqft $66
MLS Listing ID 153950
HOA Y/N No
Lot Size 3.570 Acres
Property Sub-Type Multi Unit
Property Description
Income-producing mobile home park in Ray City, GA generating $3,915 per month in gross rental income, with significant upside through future rent increases. Situated on 3.57 acres, the property consists of five tenant-occupied mobile homes with current rents of $995, $995, $850, $550, and $525 per month. Each home is individually metered for electricity and served by its own septic system, while all units share a private well that was installed approximately two years ago. Tenants maintain their own lawns, helping keep operating expenses low. The homes were manufactured between 1988 and 1997 and all feature metal roofs. Each unit is equipped with HVAC, with all but one system having been replaced in recent years. At least one home has been renovated on the interior, and all titles are in hand and will convey with the sale. Several units are rented below market rates, providing an opportunity to increase revenue over time. The 3.57-acre tract also appears to offer room for additional development, with the potential to add approximately four to five more mobile home sites, subject to buyer verification of zoning and permitting requirements. This property presents an opportunity to acquire a stabilized mobile home park with existing cash flow and multiple avenues for future income growth.
Location
State GA
Area 9-Berrien County
Zoning R
Interior
Interior Features Other
Heating Central
Cooling Central Air, Electric
Appliance Other
Exterior
Exterior Feature Other
Parking Features 3+ Cars
Garage Spaces 3.0
View Y/N No
Roof Type Metal
Garage No
Building
Story 1
Sewer Septic Tank
Water Well
Level or Stories One
Others
Virtual Tour https://tour.usamls.net/52-Dowdy-Ln-Mobile-Home-Park-Ray-City-GA-31645/unbranded
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