$259,900
$259,900
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5 Acres Lot
SOLD DATE : 05/01/2024
Key Details
Sold Price $259,900
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Bellew Mhp
MLS Listing ID 20173045
Sold Date 05/01/24
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 2001
Annual Tax Amount $1,500
Tax Year 2023
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 5
Property Description
TURN KEY INVESTMENT with Great returns (CAP Rate 10%) - Trailer Park (5 units) kept in Very Good Condition. Gross Monthly Rental Income $3,100; Gross Annual Rental Income $35,100. 100% OCCUPIED. Current being managed by a Management Company making it a hands free. They can continue to manage it OR you can do it yourself. HVAC systems recently replaced on 4 of the units. Newer flooring in a few of the units. Owners updating the properties when there is a vacancy which is a low turnover. Currently - 5 units in place (Single wide Manufactured homes) with an option to add 1 more unit/home. Located minutes from Bowman, GA off Hwy 17 close to Elberton, Royston, Athens, Lavonia, and Hartwell.
Location
State GA
County Elbert
Rooms
Basement None
Interior
Heating Electric, Central, Heat Pump
Cooling Ceiling Fan(s), Central Air, Electric, Heat Pump
Fireplace No
Laundry In Unit
Exterior
Parking Features Over 1 Space per Unit, Side/Rear Entrance
Garage Spaces 2.0
Community Features None
Utilities Available Electricity Individual Meters
View Y/N No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Faces Bowman - Hwy 17 South, Right on Fork Creek, Immediate Right on Bennett Rd, Immediate Left on Dud Rd, Bear Left onto Bellew Rd, Look for 5 white mailboxes at the road. Entrance is right before it.
Foundation Block, Pillar/Post/Pier
Sewer Private Sewer, Septic Tank
Water Well
Structure Type Aluminum Siding
New Construction No
Schools
Elementary Schools Elbert Co Primary/Elem
Middle Schools Elbert County
High Schools Elbert County
Others
HOA Fee Include None
Tax ID 006136
Special Listing Condition Resale
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