LISTING PHOTO(S) (Click photo to enlarge) There are 13 homes on 7 plus acres of nice land. All have paved roads and drive ways. 100% leased $400 per month. Rent can be raised. Nice lay out with lots of frontage. See Plat. Easy to get to from 985/365 Nice trees and open space. Current cash flow and projected cash flow if rents were increased to $450 per unit. Great Cap rate! Additional pictures via Flyer**Double Click to Enlarge** Plat with over 1,350' of road frontage.

Sold June 2007 111 Frank Arrowood Drive ($395,000) Cornelia, Ga, 30531 Each unit has city water and its own septic tank. The cash flow is attached and you can **double click** it to expand. Great small park easy to manage. Mobile home vary in age from 1990's-1970's. All are leased. Call for details. (Directions from Gainesville) take I-985 north to Duncan Bridge Road (stop light) take left and go 2.9 miles (to Shores Grocery) and take right on Pea Ridge Road. Go .7 miles to RT on Frank Arrowood Drive. Go several hundred yards to park on the left. (Pea Ridge Mobile Home Park) Look at all 13 units along all the frontage. You may view demographic information on Habersham County at http://quickfacts.census.gov/qfd/states/13/13135.html to see its 20% plus growth rate in last 5 years. Type:  Sold     Date Sold:  2007/06/01      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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