15 Fields Walk Summerville, GA 30747
- Mobile home & RV parks
Current Use by Public Records
- Fields Walk Mobile Home Park / Rv Park
Property Details for 15 Fields Walk
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a 101-lot mobile home community in Summerville, Georgia, priced at $3,500,000. Located near US Highway 27, this property offers convenient access to both Summerville and Chattanooga, Tennessee. Currently operating at 50% occupancy, with 42 vacant lots, this presents a significant value-add opportunity for a new owner. The average lot rent is $465, providing immediate income potential. The property boasts public utilities, directly billed to tenants, and curbside trash service, also billed to tenants. The $34,653 per pad price point reflects a strong potential return on investment, with a projected cap rate of 6.64%. The strategic location and significant vacancy rate create a clear path for increasing both occupancy and rental income. This property is ideal for investors seeking a value-add opportunity with substantial upside potential in a growing market. The community's proximity to major roadways ensures easy access for residents and convenient management. This is a rare chance to acquire a well-positioned mobile home park with considerable room for growth and profitability. The existing infrastructure and public utility services minimize operational complexities. This presents a compelling investment opportunity with significant potential for long-term appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summerville
- County
- Chattooga
- State
- Georgia
- Longitude
- -85.327
- Latitude
- 34.5154