2184 W Point RoadLaGrange, GA 30240

Description

LAND AND ALL 32 HOMES INCLUDED. 11% CAP RATE. This is not a lot-rent-only park. The sale of Oakview Mobile Home Park includes the 11.09-acre parcel AND all 32 park-owned homes, each 3 bedrooms/2 baths. Tenants rent the home and the lot together, so the owner collects full home rent, not just pad rent. 28 homes are occupied, 1 houses the on-site maintenance resident, and 3 are freshly renovated and ready to lease. Seller reports $327,660 gross annual rent (about $881/month per rental home) and $303,561 NOI. At the $2,750,000 asking price, that’s an 11.0% cap rate and $85,938 per home, land included. Annual expenses reported by seller are $24,099 (taxes $8,554, insurance $12,246, registrations, common electric). Public water, Flood Zone X. Flat, level land under 3 homes per acre with open ground for possible expansion, subject to county approval. On West Point Rd near the Kia Georgia plant, retail, and services. Figures are seller-reported and unaudited. Buyer to verify all information. Rent roll, T-12, and home titles available with signed NDA. Do not disturb tenants; showings by appointment only.

Property Information

Property type

Residential Income

Year built

2000

Lot size

11.09 acres

Lot dimensions

x

Days on market

7

MLS^® Listing#

7854906

Property Features

Cooling

Central Air

Heating

Central

Parking

Driveway

Fencing

None

Lot features

Corner Lot

Construction

Vinyl Siding

Roof

Composition

Windows

Aluminum Frames

Utilities

Electricity Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Troup - Other

Middle

Troup - Other

High

Troup - Other

Financial Details

HOA

None

Annual taxes

$8,554Tax year 2026

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