Shalimar Cove MHP 130 Taylor Dr NE Immeuble residentiel 35 lots 321 034 € (9 172 €/Lot) Taux de capitalisation 16,97 % Milledgeville, GA 31061

Galanti Realty Partners is pleased to present Shalimar Cove MHP, a unique investment opportunity in Milledgeville, GA. This Property is a partially-occupied Mobile Home Park with significant value-add potential and redevelopment capability. Introducing additional homes to the park would significantly increase cash flow and property value while also providing flexibility for multiple exit scenarios. Situated in a desirable residential growth area, this Property could be repositioned for residential development, as properties nearby have done so in recent years.
Shalimar Cove MHP has 35 existing pads served by public (county) water and septic tanks (presumably 1:1). The condition of each pad varies, 11 of which are occupied (6 TOH + 5 POH), and 24 of which are vacant. All TOH are occupied and only 1 POH is occupied. The average age of the homes is 1990. There is an immense opportunity to increase gross potential income to ~$147k annually by bringing in additional homes.
The Subject comprises two adjacent blocks fully bound by public roads maintained by the local municipality. This critical feature saves the owner significant time, money, and effort by avoiding regular upkeep and mitigating the monetary risk of a costly road-related expenditure. Although the Property is near Lake Sinclair, a recreational lake popular for its fishing, swimming, boating, and camping activity, it's not located within any flood zones, adding an extra layer of security for residents and avoiding costly insurance premiums for the owner.