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MOBIL · For Sale

108 Grant ST, Tallapoosa Active

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Asking price
$595,000
Price / SF
$132.22
Cap rate
Sale type
Property type
MOBIL
Property subtype
MOBIL
Building class
Building size
4,500 sq ft
Year built
1985
NOI
Tenancy
Building height
Building FAR
Lot size
0.51 acres
Zoning
MHP
Frontage
Listing #
EN-4671
MLS #
10822468

Excellent investment opportunity in the city limits of Tallapoosa. This income-producing property includes five mobile homes, one single-family home, and three additional vacant pads, all serviced by city water and city sewer. The property generates strong, consistent income with a current operating income of approximately $6,990 a month. All units have been updated and turned, offering low ongoing maintenance needs. Four of the five mobile homes have new metal roofs, and all units feature updated electrical, updated plumbing, new flooring, new hot water heaters, and newer appliances. The single-family home has also been updated. Most major systems have already been addressed, making this a largely turnkey investment. The park includes three vacant sites that offer clear value-add potential for increased revenue through long-term tenants, short-term stays, or placement of additional park-owned homes. Separate electric meters are in place for all units, and city services provide predictable operational expenses. Located in a quiet area within Tallapoosa city limits, this property offers stable tenancy, reliable utilities, and straightforward management. Opportunities of this size, condition, and cash flow profile are rarely available in this market.

Location

GAMLS
Listed by Southern Homes & Land Realty
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10822468

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