Bought with John Courson • FIRST COMMERCIAL REAL ESTATE
For more information regarding the value of a property, please contact us for a free consultation.
517 Sullivan Road Warner Robins, GA 31093
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 13,272 sqft
Price per Sqft $24
Subdivision Warner Robins
MLS Listing ID 119912
Sold Date 04/03/20
HOA Y/N No
Annual Tax Amount $1,085
Tax Year 2019
Lot Size 3.490 Acres
Property Sub-Type Multi Unit
Property Description
Creekside Mobile Home Park in Warner Robins GA is a unique investment opportunity with steady turn-key income in place. 100% occupancy for this entry-level MHP where all 12 units are setup to pay monthly lot rent through user-friendly free "Cozy" software. 7 units are lot-rent-only residents who own their homes, 4 units are current in short term rent-to-own ("RTO") scenarios, and 1 unit is a park-owned home ("POH"). Super clean 3.49 acres with paved interior road, water, sewer, trash, and lawn included in lot rent. $3,497 / monthly income from lot rents for annual gross of $41,964, currently at 25% operating expense for net income of $31,473. RTO balance ($44,920 as of 12/31/19) / promissory notes to be transferred to buyer at closing. Stabilized 9.0% cap rate is a rare find in a location with so much upside and value-add potential! Check this out! http://www.creeksidemhpark.com/
Location
State GA
Area 11-Other
Zoning R-1
Interior
Interior Features None
Heating Other
Exterior
Exterior Feature None
Building
Story One
Sewer Septic Tank
Water Shared Well
Others
Tax ID 00095A 027000
Read Less