228 E Grow St, Unit 28
Property Description
VALUE ADD OPPORTUNITY!! $18,500/unit! - 27 unit mobile home park located in Colquitt, GA on county water and sewer. The park is currently 22.2% occupied, with only one additional vacant unit considered rent ready.This is not being presented as a stabilized asset, but rather as a repositioning opportunity with significant upside through renovations, lease up, and operational improvements. Several of the vacant units need varying levels of rehab including flooring, paint, appliances, and general deferred maintenance. The positive side is that the infrastructure is already in place, the park has scale with 27 total units(all park owned), and there is a clear path to increasing occupancy and revenue for an investor willing to put capital and management into the property. Opportunities to acquire parks with this much upside are becoming harder to find.Several of the vacant units need varying levels of rehab including flooring, paint, appliances, and general deferred maintenance. Rent roll and additional information available upon request. SQFT is estimated. Utilities are separately metered and paid by the tenants.Broker Details
Landmark Realty and Investments LLC (229) 834-7131
MLS ID: 289_425
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $425,000 |
| Lot Size: | 25,300.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 6 |
ID: 3yd-VMLSGA-153832
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