770-831-7701 | 678-414-7399 paroffice@gmail.com
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$2,650,000
77 Days On Site

0 Sparks Mobile Home Park
Sparks, GA 31647

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1995
Built
Subdivision:
Fox Run
County:
Cook

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0 Sparks Mobile Home Park0 Sparks Mobile Home Park0 Sparks Mobile Home Park0 Sparks Mobile Home Park
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Incredible investment opportunity for a 37 unit mobile home park at a 10.44% 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 94.59%, 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. 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. Several homes have new HVACs. With an average total rent of $785/month, there is room to increase the POH rents by at least $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 10.44% 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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Listing Snapshot
Price 
$2,650,000
Days On Site 
77 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
9.25 Acres
Year Built 
1995
MLS® Number 
10452754
Status 
Active
Property Tax 
$6,574
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
9.25
Number Of Stories 
1
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Stories 
One
Water Source 
Public
Interior Features
Basement 
None
Cooling 
Electric
Heating 
Electric
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Exterior Features
Construction Details 
Vinyl Siding
Community Features
Community Features 
Playground
Schools
School District
Unknown
Elementary School
Cook Primary/Elementary
Middle School
Cook County
High School
Cook County
Listing courtesy of Canopy Realty Group



Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Last checked: 2025-04-22 11:23 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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