$220,000
$219,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
6.22 Acres Lot
SOLD DATE : 02/28/2023
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision No Recorded Subdivision
MLS Listing ID 7174436
Sold Date 02/28/23
Construction Status Resale
HOA Y/N No
Year Built 1970
Annual Tax Amount $1,385
Tax Year 2022
Lot Size 6.220 Acres
Acres 6.22
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Mobile home park in Dalton GA for sale! There are 5 mobile homes on the 6.22 acres. All mobiles are park owned and all 5 tenants are on month-to-month. It's an 8 minutes to I-75, and 11 minutes to downtown Dalton. This is a 1.6% property if you like that ratio. If you like the Gross Rent Multiplier math - this is a 62! The lower the number the better for the buyer. Potential Seller / Owner Finance with an acceptable offer.
This year's projected income is $42,260 in rent
This years's expenses are: $7,486 total
All Tenants pay their own power bill, on individual meters. County water paid for by owner.
We spent over $40,000 in remodel and park clean up. That included appliances, hot water heaters, electrical, fixing leaks, two steps/decks, new bathroom remodel, tons and tons of trash removal, and a bunch of odds and ends
One of the Sellers is a licensed agent in the state of Georgia.
Location
State GA
County Whitfield
Area No Recorded Subdivision
Lake Name None
Interior
Heating Electric
Cooling Window Unit(s)
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Electricity Available, Phone Available, Water Available
Waterfront Description None
View Y/N Yes
View Trees/Woods
Roof Type Metal
Accessibility None
Handicap Access None
Building
Lot Description Level
Story One
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Aluminum Siding
Construction Status Resale
Schools
Elementary Schools Valley Point
Middle Schools Valley Point
High Schools Southeast Whitfield County
Others
Senior Community no
Tax ID 1302504000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with Greater Athens Properties