Walker's Crossing Mobile Home Park in northeast Lowndes County is a rare opportunity to invest in a turnkey operation and create value immediately or over time when units naturally turn! 14 pad sites, with 13 park-owned homes updated over the past couple of years attract and retain highest quality tenants paying premium rents! Just north of one of the largest economic drivers in South Georgia - Moody Air Force Base - this high-growth location and product is unmatched. The Moody Activity Zone (MAZ-II) zoning in place restricts new multi-family and / or mobile home park development creating a long-term competitive advantage for this grandfathered-in location. Current rents at $11,075 / month peg this investment at a 9.1% in place cap rate with 35% operating expense factor. Pushing under market rents up even slightly puts this north Lowndes County MHP at an 11%+ cap!! Well and septic in place, mobile-home units individually metered and direct billed by utility provider for power. One extra pad / vacant lot can be developed for mini-storage for additional income. 2 double-wides, 11 single-wides provide a variety of 1/1, 2/1, and 3/2 housing options. Small storage building on site provides room for equipment / supplies. These clean and affordable mobile home park investments are rare for this market - call for rent roll and financials on this solid investment opportunity today!!!
Ray City is located in Georgia. Ray City, Georgia has a population of 1,100. Ray City is less family-centric than the surrounding county with 29.73% of the households containing married families with children. The county average for households married with children is 30.19%.
The median household income in Ray City, Georgia is $53,958. The median household income for the surrounding county is $44,907 compared to the national median of $69,021. The median age of people living in Ray City is 27.4 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 38.4 degrees. The average rainfall is approximately 51.4 inches per year, with 0.1 inches of snow per year.
