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USAGASparksFox Run37 Sparks Mobile Home Park
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37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 2
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 3
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 4
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 5
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 6
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 7
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 8
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 9
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 10
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 11
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 12
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 13
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 14
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 15
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 16
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 17
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 18
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 19
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 20
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 21
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 22
37 - 37 Sparks Mobile Home Park, Home with 14 bedrooms, 9 bathrooms and null parking in Sparks GA | Image 23
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$2,650,000

Added 3 months ago

37 - 37 Sparks Mobile Home Park, Sparks, GA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,650,000

Added 3 months ago

14949356 sqft0
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Unit
Levels Residential Income
Size 49356 sqft
Garage No
HOA Fees 
Taxes $6,574
Days Active 98
Approx. Age 
Avg. Price Per Sqft $53
MLS® Number 143770

Property Address: 37 - 37 Sparks Mobile Home Park, Sparks, Georgia

Average square foot calculated using Size range provided by listing agent.

Description

Incredible investment opportunity for a 37 unit mobile home park at a 11.73% Cap rate. This park is spread among 37 parcels, totaling 9.25 acres with 37 pads in the beautiful town of Sparks, GA. This South Georgia town is located minutes from Interstate 75 and less than 7 miles to the Adel, Ga and 25 minutes to Valdosta, GA. This community features 37 park-owned homes (POH) with current Occupancy at 100%, with 27 doublewides and 10 singlewides. Sparks Mobile Home Park utilizes county water and county sewerage that is direct-billed to each tenant. Park supplies trash through a dumpster. Highlighted features include paved roads that are county maintained with several improvements completed in the last year, including 3 new roofs, 5 new A/C's, 2 new hot water heaters, and more. The POH inventory age varies in age from the 1992 through the 2006, with only two outliers dated 1983 & 1989 - all homes are 3/2 with exception to one 4/2 and one 5/3. The average total lot rent of $404/month and average POH rent of $385 provides room to increase the POH rents by $25-$50 per month on new turnovers. We are asking investors to submit offers at, or above, $2, 650, 000 for the portfolio, which includes all the home inventory as well as the land each parcel sits on. This is pricing the community at a 11.73% cap after expenses. This is well below replacement cost of used homes. Total income should provide an investor with a solid mid-teens cash-on-cash return. Titles are in hand. Rent Roll and PNL are available for qualified Buyers.
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No Data
Walk Score®
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No Data
Transit Score®
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No Data
Bike Score®
MLS® Number143770
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorNone
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/CElectric
Heating Fuel

Extras

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