Winterfield MHP is located in an Opportunity Zone booming city of Columbus GA just south of Atlanta. With quick access to the beautiful downtown and The Chattahoochee Riverwalk, the park provides a clean, safe and affordable option for local residents. The community is located within 2 miles of Walmart and is only minutes away from numerous national and local employers.
Winterfield MHP is 82% occupied and comprised of 77 total lots, and has an expansion area that can fit an additional 25 lots (+/-) after receiving municipal approvals. The park has 34 TOH’s and 38 POH including 9 vacant homes. The community has public electric, water, sewer & trash all of which is directly billed to the tenant.
We are asking that investors submit offers at or above $3,500,000, which represents a 4.74% cap rate on current lot rental income with a proforma caprate of 11.63%. The park has paved roads and is located in an opportunity zone. Winterfield MHP should qualify for a conventional, recourse bank financing at a 5% interest rate, 75% LTV, and 25-year amortization with a year or two of interest only.
The information contained within this website is proprietary and strictly confidential. It is intended to be reviewed only by the approved party receiving it and should not be made available to any other person or entity without the written consent of the broker involved. This information has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. We have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained within has been obtained from sources we believe to be reliable; however, we have not verified, and will not verify, any of the information contained herein, nor have we conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE: Owners of this website and Marcus & Millichap REIS is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of the owners of this website & Marcus & Millichap REIS, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap REIS, and is solely included for the purpose of providing tenant lessee information.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE LISTED AGENT FOR MORE DETAILS.