Taylors Creek Mobile Home Park | Hinesville, GA

8101 Elim Church Road NE, Hinesville, GA, 31313, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Taylors Creek Mobile Home Park Asset Located at 8101 Elim Church Road NE in Hinesville, GA. This Deal Includes 29 Lots Consisting of 22 Park Owned Homes, 2 Tenant Owned Homes, and 5 Vacant Lots. The Property is Equipped With Well and Septic Utilities and is Located One Hour Outside of Savannah.

  • 29 Lot Mobile Home Park Consisting of 22 Park Owned Homes, 2 Tenant Owned Homes & 5 Vacant Lots (Utilities Connected)
  • 5 Homes (Lots 4, 11, 12, 17 & 24) on a Lease to Purchase Contract With Legacy Homes Until 2028; At the End of the Lease, the Homes Can Either Be Purchased For Fair Market Value or Renewed to Lease
  • Utilities: Well & Septic
  • Maintenance Man Lives On-Site; Currently Being Paid an Hourly Rate of $16 P/Hour
  • Majority of Park Owned Homes Have Undergone a Recent Renovation
  • Market Rents in the Area Are $400 Per Month For Lot Rent and $800 – $1,000Per Month For Home Rent
  • Pro-Forma at Conservative Market Rents, Prices Out to a 12.80% Cap Rate
  • Hinesville Has a Population of 34,000+ and is Located Just One Hour Outside of Savannah
  • Seller Financing Available For Qualified Buyers; Terms TBD

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619

Price

$1,600,000

Cap Rate

7.65%

PREMISES

12 Acres

BROKERS

Kristen Deninno
Fort Lauderdale
William Capone
Fort Lauderdale
Steve Kruszenski
Fort Lauderdale
Meagan Brady
Fort Lauderdale
Andrew S. Ackerman
Atlanta

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