Share this with your friends
+16782498779
Coldwell Banker
2184 W Point Road, Lagrange, GA 30240
- $2,750,000
- List Price
- $2,750,000
- MLS#
- 7854906
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 11.09
- Subdivision
- Oakview
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.
Additional Information
- Stories
- One
- Construction
- Vinyl Siding
- Year Built
- 2000
- Neighborhood Amenities
- Homeowners Assoc
- Roof
- Composition
- Lot Dimensions
- x
- Parking
- Driveway
- Lot Desc
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Troup - Other
- Middle School
- Troup - Other
- High School
- Troup - Other
- Acres
- 11.09
- Levels
- One
- Taxes
- $8,554
Listing courtesy of EXP Realty, LLC..
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 FMLS. Last updated