Multi-Family For Sale in Georgia

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30150858
Property Subtypes: Mobile Home Park
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 700 SF
Gross Building Area: See Agent
Gross Land Area: 7 Acres
Sale Price: $125,000
Unit Price: $20,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2017

Overview / Comments

An Investors Dream!
This property consists of 7 acres, and the possibility of 20 mobile homes!
Currently - 6 mobile homes occupy the property, the possibilities here are endless, with 19 septic tanks already on the property, and 1 double-tapped.
Sewer is available across the street, and will simply require a formal request to have it hooked up.
Located right across the street from Coker Elementary - the area is desirable for many tenants.

Income as follows:
Lot 1 - Double-wide $550/mo
Lot 2 - Lot Only $200/mo
Lot 3 - Single-wide $250/mo
Lot 4 - Single-wide $300/mo
Lot 5 - Single-wide $300/mo
Lot 6 - Single-wide Management, rent free
Total $1,600/mo income
(Uncertain of total square feet.)

Additional Details

Nearest MSA: Dalton
County: Murray
Taxing Authority: Murray County
Tax ID/APN: 0049C 213
Zoning: MHP
Percent Occupied: 100%
Property Located Between: Sitton Road & Leonard Bridge Road
Site Description: Site contains 6 mobile homes, and a total of 19 septic tanks. The property offers gravel driveways to the current mobile homes. Land is generally level, with trees lining the majority of the property.
Area Description: Beautiful Chatsworth GA! This area is surrounded by agriculture and similar home sites, with Coker Elementary School just across the street. Only 20 minutes away - Fort Mountain & Carter's Lake are just a few of the nearby attractions.
Total Number of Buildings: 6
Property Condition: Average
Number of Stories: 1
Roof Type: Other
Exterior Description: Varies by home.
Parking Type: Surface
Sprinklers: None
Interior Description: Varies by home.
Zoning Description: MHP - Mobile Home Park
Lot Frontage: 400'
Lot Depth: 600'
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Owned by LLC
Legal Description: 420 Sitton Road Mt Olive M H Park Landlot: 241 Landdist: 9

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,434 12,685 23,608
Median Age: 36.27 36.59 35.39
Households: 1,693 4,587 8,293

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