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    Mobile Home Rental Community Title is generated by Realmo AI

    1160 Credille Pond Road, Greensboro, GA 30642

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    For Sale
    $285,000

    MULTI_FAMILY - Greensboro, GA

    Lot size:
    4.71 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1160 Credille Pond Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Assigned
    Standard status
    Active
    APN
    1270000310
    Lot size
    4.71 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    214

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    11

    We can help!

    Listing Contact
    Esau Linares

    Listing agent Esau Linares License #392410

    Listing office Keller Williams Greater Athens 1361 Jennings Mill Rd, Ste 101, Watkinsville, GA

    Listing date Jun 4, 2026

    MLS# 10778541 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4.7‑acre parcel with 11 occupied homes, all leased for immediate cash flow
    • Rental income of $5,600/month: ten homes at $500 each and one at $600
    • 3 wells and 10 septic systems servicing the community; one septic is shared between two units
    • Water included in tenants’ rent; owner pays electricity to one well pump (~$30/month)
    • Each mobile home has its own electric meter; cooling includes window unit(s)
    • Year built: 1980; assigned parking available

    Overview

    This for-sale residential income property is a mobile home and RV park offering 11 occupied homes on a 4.7-acre parcel. Tenants are paying monthly rent, with 10 homes at $500 per month and 1 home at $600 per month, for a stated total monthly income of $5,600. Some units have been recently remodeled, and the property is described as requiring work in the units where interior photos are not available. Each mobile home has its own electric meter, and the owner reports handling maintenance and management.

    The community is serviced by 3 wells and 10 septic systems. One septic tank is shared between two units. The property is described as having water included in tenants’ rent, and the owner pays for electricity to one well pump, reported at $30 per month. Insurance is described as approximately $1,500 per month. No property plat or survey is available, and showings are limited to after an accepted offer, with instructions not to disturb tenants.

    For buyers and operators seeking a small multi-home rental community with on-site well and septic utilities already in place, the configuration—occupied homes, individual electric metering, and shared septic coverage—may simplify operations. Reported recurring expenses beyond insurance and well pump electricity are limited, though the interior condition is noted as needing work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.091266
    Latitude
    33.517078

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    FAQs

    What type of property is this?
    Mobile home & RV park - Well- and septic-serviced rental homes on a 4.7-acre parcel with multiple occupied units.
    Where is this mobile home & rv park located?
    The property is located at 1160 Credille Pond Road Greensboro, GA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 4.7‑acre parcel with 11 occupied homes, all leased for immediate cash flow; Rental income of $5,600/month: ten homes at $500 each and one at $600; 3 wells and 10 septic systems servicing the community; one septic is shared between two units
    (706) 614-4991
    We can help!
    Listing Contact
    Esau Linares
    Real Estate License ID: 392410
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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