Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Premier Real Estate
Property view
Listing view 2
Listing view 3

37 Sparks Mobile Home Park #37, 
Sparks, GA 31647

$2,650,000


Bed


Bath


49,356

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Caleb Ross

Canopy Realty Group

229-630-2400

Last updated:

July 17, 2025, 07:11 AM

MLS#

143770

Source:

GA VBR

About This Home

37 Sparks Mobile Home Park #37

Incredible investment opportunity for a 37 unit mobile home park at a 11.73% 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 100%, 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 with several improvements completed in the last year, including 3 new roofs, 5 new a/c's, 2 new hot water heaters, and more. 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. The average total lot rent of $404/month and average POH rent of $385 provides room to increase the POH rents by $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 11.73% 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

Price Summary

2,650,000

$53 per Sq. Ft.

MLS #:

143770

Last Updated:

July 17, 2025, 07:11 AM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

49,356 Sq. Ft.


Structure

Structure

Building Area:

49,356 Sq. Ft.


Lot

Lot Size (Sq. Ft):

402,930


Finances & Disclosures

Finances

Price:

$2,650,000

Price per Sq. Ft:

$53 per Sq. Ft.

Source:GA VBR
IDX information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Humboldt Association of REALTORS® July 17, 2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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 Notice.

 

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 Notice.