2184 W Point RD, Lagrange, GA 30240
2184 W Point RD, Lagrange, GA 30240
2184 W Point RD, Lagrange, GA 30240
2184 W Point RD, Lagrange, GA 30240
2184 W Point RD, Lagrange, GA 30240
2184 W Point RD, Lagrange, GA 30240
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Susan Verlander

Susan Verlander

+1(770) 855-5204
$ 2,750,000
Est. payment | /mo

11.09 Acres Lot

Save
$ 2,750,000
Est. payment | /mo
Save

11.09 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Oakview

MLS Listing ID 7854906

Construction Status Resale

HOA Y/N No

Year Built 2000

Annual Tax Amount $8,554

Tax Year 2026

Lot Size 11.090 Acres

Acres 11.09

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

LAND AND ALL 32 HOMES INCLUDED. 11% CAP RATE. This is not a lot-rent-only park. The sale of Oakview Mobile Home Park includes the 11.09-acre parcel AND all 32 park-owned homes, each 3 bedrooms/2 baths. Tenants rent the home and the lot together, so the owner collects full home rent, not just pad rent. 28 homes are occupied, 1 houses the on-site maintenance resident, and 3 are freshly renovated and ready to lease. Seller reports $327,660 gross annual rent (about $881/month per rental home) and $303,561 NOI. At the $2,750,000 asking price, that's an 11.0% cap rate and $85,938 per home, land included. Annual expenses reported by seller are $24,099 (taxes $8,554, insurance $12,246, registrations, common electric). Public water, Flood Zone X. Flat, level land under 3 homes per acre with open ground for possible expansion, subject to county approval. On West Point Rd near the Kia Georgia plant, retail, and services. Figures are seller-reported and unaudited. Buyer to verify all information. Rent roll, T-12, and home titles available with signed NDA. Do not disturb tenants; showings by appointment only.

Location

State GA

County Troup

Area Oakview

Lake Name None

Interior

Heating Central

Cooling Central Air

Window Features Aluminum Frames

Exterior

Parking Features Driveway

Fence None

Community Features Homeowners Assoc

Utilities Available Electricity Available

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Corner Lot

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Vinyl Siding

Construction Status Resale

Schools

Elementary Schools Troup - Other

Middle Schools Troup - Other

High Schools Troup - Other

Others

Senior Community no

First Multiple Listing Service(FMLS)
Listed by EXP Realty, LLC.
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Southcreek Luxury Properties
Susan Verlander
License ID: 254041
+1(770) 855-5204
419 Bradford St NE B2, Gainesville, GA 30501, USA

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419 Bradford St NE B2, Gainesville, GA 30501, USA
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2184 W Point RD

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