$2,650,000

0 Sparks Mobile Home Park Unit 10452754 Sparks, GA 31647

Estimated payment $15,240/month

Total Views 2,641
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Community Playground
  • Heating Available
  • Cooling Available
  • 1-Story Property

About This Home

Incredible investment opportunity for a 37 unit mobile home park at a 10.44% Cap rate. This park is spread among 37 parcels, totaling 9.25 acres with 37 pads in the beautiful town of Sparks, GA. This South Georgia town is located minutes from Interstate 75 and less than 7 miles to the Adel, Ga and 25 minutes to Valdosta, GA. This community features 37 park-owned homes (POH) with current Occupancy at 94.59%, with 27 doublewides and 10 singlewides. Sparks Mobile Home Park utilizes county water and county sewerage that is direct-billed to each tenant. Park supplies trash through a dumpster. Highlighted features include paved roads that are county maintained. The POH inventory age varies in age from the 1992 through the 2006, with only two outliers dated 1983 & 1989 - all homes are 3/2 with exception to one 4/2 and one 5/3. Several homes have new HVACs. With an average total rent of $785/month, there is room to increase the POH rents by at least $25-$50 per month on new turnovers. We are asking investors to submit offers at, or above, $2,650,000 for the portfolio, which includes all the home inventory as well as the land each parcel sits on. This is pricing the community at a 10.44% cap after expenses. This is well below replacement cost of used homes. Total income should provide an investor with a solid mid-teens cash-on-cash return. Titles are in hand. Rent Roll and PNL are available for qualified Buyers.

Listing Agent

Caleb Ross

Canopy Realty Group Brokerage Phone: 904-400-2069 License #433083

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,574

Year Built

  • Built in 1995

Parking

  • Over 1 Space Per Unit

Home Design

  • Vinyl Siding

Schools

  • Cook Primary/Elementary School
  • Cook County Middle School
  • Cook County High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 1-Story Property
  • 9.25 Acre Lot

Community Details

Overview

  • No Home Owners Association
  • 37 Units
  • Fox Run Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $87,360
  • Gross Income $349,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,574

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1995
  • Levels: One
  • Lot Size Acres: 9.25
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Over 1 Space per Unit

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Playground

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cook Primary/Elementary
  • High School: Cook County
  • Middle School: Cook County
  • Elementary School: Cook Primary/Elementary
  • Middle School: Cook County
  • High School: Cook County

Rental Info

  • Owner Pays: Garbage

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6574

Multi Family

  • GrossIncome: 349440
  • NumberOfUnitsTotal: 37
  • OperatingExpense: 87360

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 For Sale $2,650,000 -- --
Source: Georgia MLS

Source: Georgia MLS

MLS Number: 10452754

Georgia MLS

Georgia Cook County Sparks 31647

0 Sparks Mobile Home Park Unit 10452754, Sparks, GA

Homes for Sale in Sparks, GA

This home is located at 0 Sparks Mobile Home Park Unit 10452754, Sparks, GA 31647 and is currently priced at $2,650,000. This property was built in 1995. 0 Sparks Mobile Home Park Unit 10452754 is a home located in Cook County with nearby schools including Cook Primary School, Cook Elementary School, and Cook County Middle School.

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Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

Caleb Ross
Listing Agent
Caleb Ross
Section Image
Canopy Realty Group
(229) 463-2085