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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$2,750,000

Est. payment - /mo

11.09 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status New

Purchase Type For Sale

Subdivision Oakview

MLS Listing ID 10875745

HOA Y/N Yes

Year Built 2000

Annual Tax Amount $8,554

Tax Year 2026

Lot Size 11.090 Acres

Acres 11.09

Lot Dimensions 11.09

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

LAND AND ALL 32 HOMES INCLUDED. 11% CAP RATE. This is not a lot-rent-only park. The sale of Oakview Mobile Home Park includes the 11.09-acre parcel AND all 32 park-owned homes, each 3 bedrooms/2 baths. Tenants rent the home and the lot together, so the owner collects full home rent, not just pad rent. 28 homes are occupied, 1 houses the on-site maintenance resident, and 3 are freshly renovated and ready to lease. Seller reports $327,660 gross annual rent (about $881/month per rental home) and $303,561 NOI. At the $2,750,000 asking price, that's an 11.0% cap rate and $85,938 per home, land included. Annual expenses reported by seller are $24,099 (taxes $8,554, insurance $12,246, registrations, common electric). Public water, Flood Zone X. Flat, level land under 3 homes per acre with open ground for possible expansion, subject to county approval. On West Point Rd near the Kia Georgia plant, retail, and services. Figures are seller-reported and unaudited. Buyer to verify all information. Rent roll, T-12, and home titles available with signed NDA. Do not disturb tenants; showings by appointment only.

Location

State GA

County Troup

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Community Features None

Utilities Available Electricity Billing Prorated

View Y/N No

Garage No

Private Pool No

Building

Faces Please GPS

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

HOA Fee Include Other

Tax ID 0711C000020

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Resale

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Elizabeth Harvill

Agent License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

2184 W Point RD Lagrange, GA 30240

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2184 W Point RD

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