Bought with John Courson • FIRST COMMERCIAL REAL ESTATE
$220,000
$229,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
2846 Minnesota Ave Waycross, GA 31503
14,218 SqFt
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 14,218 sqft
Price per Sqft $15
Subdivision Waycross
MLS Listing ID 126325
Sold Date 10/08/21
HOA Y/N No
Annual Tax Amount $758
Tax Year 2020
Lot Size 5.540 Acres
Property Sub-Type Multi Unit
Property Description
18 unit Mobile Home park in Ware County GA. Easy access for this location just 1 block off of US Hwy 84. All 18 units are park-owned homes situated on +/-5.54 acres. Well and septic tanks - internal road is dirt. Current rent roll shows $6392 monthly rent with several long term residents paying below market rents ranging from $325 to $400 a month. Proforma cap rate of 18%+ with 45% OPEX factor!!!! Some units may need capital expenses / updating to make rent ready.
Location
State GA
Area 11-Other
Zoning tofollow
Interior
Interior Features Other
Heating Other
Exterior
Exterior Feature Other
Building
Story One
Sewer Septic Tank
Water Well
Others
Tax ID 078 006
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