LISTING PHOTO(S) (Click photo to enlarge) Most of homes are nice inside. All are leased! Entrance of park leading to 8 homes and one pad Typical Home On 1.4 acres - leased and ready to go.

**SOLD $235,000** Mobile Home Park for sale. 9 pads, 8 units, ALL LEASED! 236 Segars Street ($249,000) Arcade, Ga, 30549 Email me and I will send you pdf an cash flows. **Located exactly eight (8) miles from Interstate 85 via US 129, the Arcade Mobile Home Park sits just off US 129 on Segars Street in Jackson County (see Attachment #1 for map and directions). The Arcade Mobile Home Park is situated approximately 3 miles from a to-be-developed Kroger retail center and approximately 1 mile from a proposed 2,440 home subdivision in Arcade. Situated on approximately 1.45 acres (see Attachment #2 for plat), the Arcade Mobile Home Park has eight (8) mobile homes and one vacant lot. All units are nicely spread out and are serviced by a main gravel drive/parking area. The site is nicely shaded with established trees. The park is serviced by well water with two fully functioning pump stations and is provided power through Jackson EMC. All eight (8) units are allotted a $100/month credit for power by the owner. Any overage in power usage is the responsibility of the tenant. This perk alone is one of the main reasons this park maintains such a high occupancy rate (currently 100 %) and is able to fill any vacancies in a very quick manner. DAG Properties, Inc. has recently increased seven (7) of the units rental rates and did not have difficulty leasing them at the higher rate. The remaining one (1) unit will be raised at the lease renewal date or when a new tenant leases the unit All rental units are “week-to-week” with rent picked up on Saturday morning (see Attachment #3 for rent schedule). Tenants are required to pay a security deposit of one week's rent in addition to the first week's rent upon lease execution (see Attachment #4 for a sample lease and application). Vacancies at the park are usually filled through word-of-mouth, or through a classified ad in the Jackson County newspaper ($7/week for an ad). With Gross Revenues of $50,700 per year, the Arcade Mobile Home Park has a Net Operating Income of $30,726 per year (see Attachment #5 for Pro Forma P&L). All revenue is collected in cash one week in advance. There are several tenants who will collect the rent and handle handwork! Type:  Sold      View Map:  Click to View Map/Aerial/Terrain  Demographics:  Hall County, Georgia  Phone:  770-533-6721  Email:  Click Here to Request Email On This Property

Prudential Georgia Realty - Commercial Services 351 Jesse Jewell Parkway #300, Gainesville, GA, 30501 770-533-6721	Copyright © BrentHoffman.com

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