Mobile Home Community For Sale

3378 Milledgeville Road Augusta, GA 30906

3378 Milledgeville Road, Augusta, GA, 30906
3378 Milledgeville Road, Augusta, GA, 30906
FOR SALE
Property Type:
Mobile home
Amount:
$1,300,000
Last Verified:
Jan 03, 2020

Highlights

  • Great location
  • Turn Key Management in place
  • Close to Growing Fort Gordon
  • Strong rental history
  • Upside in vacant space
  • Rents below market

Description

46 space mobile home community. 14 homes are rent to own. 1 unit is a stick built house, and 2 units are a duplex. 40 space renters. There are 3 vacant spaces. there are actually another 10-15 vacant spaces but they are not useable without hooking up back parcel to city sewer. Property is on county water/sewer with a portion of property in back on septic tanks which are all in good working order and most of which are new. Lots of homes moved in over the last couple of years. Space rent goes up to $285 January 1 2020. 3 vacant spaces still available for added upside. Close to Fort Gordon and I:520. Rent to own homes, only one park owned unit and mostly space renter park. Solid easy to run park with great returns and upside in raising rental rates. Turn key management in place.



Location has the potential over the next 10 years to be redeveloped for apartments or single family as the Army Cyber Command growth moves down Gordon highway towards this property. A new roundabout is going in at corner of the property which will greatly improve the appearance of the park

At intersection with new roundabout that is being installed currently which will completely change the look of the area. Milledgeville Road and North Leg meet near Gordon Highway and I:520 at current 4 way flashing lighted intersection.

Building Size: 46000.0sq ft
Lot Size: 7.97 acres

Map of 3378 Milledgeville Road, Augusta, GA, 30906

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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