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0 Sparks Mobile Home Park

Sparks, GA 31647
  • $2,650,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 10452754
UPDATED: 45 min ago
$2,650,000
  • 0
    BEDS
  • 9.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1995
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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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Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Amanda Fiebig are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Amanda Fiebig. Data last updated: 2025-02-19T10:10:24.063.
www.amandafiebigrealtor.com/homes/160022274
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0 Sparks Mobile Home Park Sparks, GA 31647

  • Price: $2,650,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 45 min ago
  • MLS #: 10452754
0
Beds
0
Baths
0
½ Baths
9.25
Acres
1995
Built
Neighborhood:
Fox Run
County:
Cook
Area:
Sparks
Elementary School:
Cook Primary/Elementary
Middle School:
Cook County
High School:
Cook County
Property Description
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Vinyl Siding Garage YN No Levels One Lot Size Area 9.25 Lot Size Source Other Lot Size Units Acres Parking Features Over 1 Space per Unit

Interior Features

Above Grade Finished Area Units Square Feet Basement None Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Electric Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Electric Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features Playground Gross Income 349440 New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Structure Type Multi Family Tax Annual Amount 6574 Tax Year 2024 Utilities Electricity Individual MetersWater Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Canopy Realty Group: 229-630-2400. © 2025 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Amanda Fiebig are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Amanda Fiebig. Data last updated: 2025-02-19T10:10:24.063.
 
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Amanda Fiebig
478-952-2499
Perry GA, 31079