3289 Old Axson Rd, Unit 20
Property Description
This 20-site mobile home park presents an attractive opportunity to acquire a stabilized workforce housing asset with a desirable mix of tenant-owned and park-owned homes in the growing Douglas, Georgia market currently bringing in $104,500 annually. The community consists of 13 tenant-owned homes (TOH) paying lot rent and 7 park-owned homes (POH), creating a balanced income stream while limiting operational intensity. Current lot rents average $250 per month, with market rents supporting approximately $275 per month, providing immediate upside through rent optimization. The park-owned homes generate an average rent of $800 per month, while market comparables support rents closer to $900 per month, offering additional revenue growth potential. The property benefits from a cost-efficient infrastructure setup, including two private wells and ten septic systems, reducing utility expenses and minimizing reliance on municipal services. Additionally, all homes are individually metered for electricity, with electric service billed directly to tenants, helping keep operating expenses low and predictable. Mobile home parks continue to be one of the most sought-after asset classes in commercial real estate due to their historically strong occupancy, limited new supply, and recession-resistant demand for affordable housing. Douglas provides a stable tenant base supported by regional employers, a low cost of living, and consistent demand for workforce housing. With in-place cash flow, multiple avenues for income growth, and operational efficiencies already in place, this property offers investors the opportunity to acquire a scalable asset with both stability and long-term upside. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $950,000 |
| Lot Size: | 14,400.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 8 |
ID: 3yd-VMLSGA-153873
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