LISTING PHOTO(S) (Click photo to enlarge) Great setting in growing White County just south of Cleveland Ga. Just north of Atlanta. Beautiful Mobile home park in the foot hills of N.Ga. Just 60 minuts north of Atlanta. Mixure of single wides and double wides Typical home Several homes are on larger acreage tracts. There are 2 stick built homes included. Nice views of the N. Ga. foot hills. This 32 acre tract will continue to appreciate while the mobile homes bring in the cash. **Double click to enlarge plat of 32 acres** The cash flow **Double Click to ENLARGE Cash flow -**please double click to enlarge**

SOLD May 4th 2007 Full Price Mobile Home Drive ($1,595,000) Cleveland , GA, 30528 $418,980 gross income with current Net Operation Income of $230,232. (Cap rate of 14%) If you eliminate the current landlord's reimbursement of electical and water, the NOI is $312,792(A Cap rate of 18.4%)!!***See Map and directions via the link on this page** Most of the mobile homes are 1980's-1990's. Each home has metered city water, septic system, and electic meters and most units have central heat and air. Park has true up-side by raising rents, not providing credit for electric and water, running a store from the 1,200 s.f. office at the entrance, etc. The 32 acres are beautiful and will be a great subdivision or multifamily development in the future. Current manager and husband would like to stay on operating the park as employees. All tools, mobile home parts, 1988 Ford box truck, 4 year old Scagg mower and appliances go with the park! There is a 1,800 s.f. maintenance shop with three roll-up doors on site. ***Owner will finance with 50% down at 6.5% for 15 years. Owner will NOT subordinate (take a second loan). Or you can get Typical financing available with 20% cash down by calling: Jonathan M. Collins BB&T Bank Business Services Officer 455 Jesse Jewell Pkwy Gainesville, GA 30501 Ph: 678 989 1107 . Rate is normally Prime to Prime + 1, depending on borrower, 15 to 20 year amortization with a 3 or 5 year balloon, .5% to 1% origination fee You can see Demographics for White County by visiting: http://quickfacts.census.gov/qfd/states/13/13311.html Please call me with your questions at 770.533.6721. Type:  Sold     Date Sold:  2007/05/04      View Map:  Click to View Map/Aerial/Terrain  Phone:  770-533-6721  Email:  Click Here to Request Email On This Property

Berkshire Hathaway Commercial Services 500 Jesse Jewell Parkway, S.E., Suite 300, Gainesville, GA 30501 770-533-6721	Copyright © BrentHoffman.com

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