Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Curry Residential
Property view
Listing view 2
Listing view 3

0 Sparks Mobile Home Park, 
Sparks, GA 31647

$2,650,000

Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Caleb Ross

Canopy Realty Group

Last updated:

February 10, 2025, 08:23 PM

MLS#

10452754

Source:

METROMLS

Street View
About This Home
0 Sparks Mobile Home Park

Incredible investment opportunity for a 37 unit mobile home park at a 10.44% Cap rate. This park is spread among 37 parcels, totaling 9.25 acres with 37 pads in the beautiful town of Sparks, GA. This South Georgia town is located minutes from Interstate 75 and less than 7 miles to the Adel, Ga and 25 minutes to Valdosta, GA. This community features 37 park-owned homes (POH) with current Occupancy at 94.59%, with 27 doublewides and 10 singlewides. Sparks Mobile Home Park utilizes county water and county sewerage that is direct-billed to each tenant. Park supplies trash through a dumpster. Highlighted features include paved roads that are county maintained. The POH inventory age varies in age from the 1992 through the 2006, with only two outliers dated 1983 & 1989 - all homes are 3/2 with exception to one 4/2 and one 5/3. Several homes have new HVACs. With an average total rent of $785/month, there is room to increase the POH rents by at least $25-$50 per month on new turnovers. We are asking investors to submit offers at, or above, $2,650,000 for the portfolio, which includes all the home inventory as well as the land each parcel sits on. This is pricing the community at a 10.44% cap after expenses. This is well below replacement cost of used homes. Total income should provide an investor with a solid mid-teens cash-on-cash return. Titles are in hand. Rent Roll and PNL are available for qualified Buyers.

Home Facts

Multi-Family

Built in 1995

Price Summary

2,650,000

MLS #:

10452754

Last Updated:

February 10, 2025, 08:23 PM


Structure
Structure

Year Built:

1995


Lot

Lot Size (Sq. Ft):

402,930


Finances & Disclosures
Finances

Price:

$2,650,000

MLS Logo
2025 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed February 10, 2025
Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.