Active
MHP/MHC
18420 E South Blvd, Blakely, GA 39823, USA
$1,700,000
Tall Pines Trailer Park
Property Description
Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to exclusively market Tall Pines Trailer Park in Blakely, GA. Tall Pines is a 50 lot all-age community located at 18420 E South Blvd, Blakely, GA 39823. This property has a current occupancy of 76%, consisting of 32 Park-owned homes and 6 Tenant-owned homes.
Notably, the park’s financial structure is poised for substantial growth, with a strategic pricing model in place. Lot rent is currently set at $250 and supports a $50 increase during the first year of ownership, followed by annual $15-25 increments. Similarly, park-owned homes, currently renting at $450-550, present an enticing opportunity for increased profitability with well below market rents.
Beyond the compelling financials, Tall Pines distinguishes itself through its sound maintenance. The park features paved roads and offers ample parking, accommodating households with multiple vehicles. An additional advantage for investors lies in the allocation of utility costs to tenants, effectively minimizing associated operating expenses.
Investment Highlights
50 Lots
Cap Rate of 7%
Potential for rent increase
City Utilities
Tenants pay for Power, Water, Sewer & Trash
On-sight manager
$35k Bob Cat & $13k Lawn Mower Included
Park located about 32 miles NE of Dothan, AL