Little River Community

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30443827
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 41 Units
Building Size (RSF): 40,000 SF
Gross Building Area: See Agent
Gross Land Area: 9.85 Acres
Sale Price: $500,000
Unit Price: $12,195.12 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

Great opportunity to acquire a unique property in a prime location in Tifton, GA. This park consist of 38 lots with 20 park owned homes, 10 tenant owned homes, 2 stick built homes, a commercial store, and 4 billboard signs on 9.85 acres. There are also 2 ponds, a barn and a small pasture that could be developed or rented. There is an enormous upside as the gross rents are over $7,200 and the park is only 52% occupied due to the owner’s health issues. The park is on septic and city water that is master metered. City sewer has been brought to the property and is stubbed on the south property line.

The property is located on Tifton’s primary retail corridor on US 82 with approximately 1000 feet of frontage and over 17,000 vehicles passing daily. The park is situated within a half a mile from Walmart, Lowes, Dollar General, Hobby Lobby and several other national retailers and just over a mile from Interstate 75.

Additional Details

Nearest MSA: Tifton
County: Tift
Tax ID/APN: 37000100F
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,180 15,212 29,575
Median Age: 34.9 32.68 33.3
Households: 795 5,567 10,915

Contact

Photograph of Listing Agent

Jared Jackson

Beck Partners CRE, LLC
TALrex.com Member
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