489 Pen Dr
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489 Pen Dr
15 Unit Mobile Home Park $895,000 ($59,667/Unit) Ellijay, GA 30540
Executive Summary
Calling all investors. Mobile Park for sale in Ellijay, GA. The development is nestled off Pen Dr and Tulip Lane, near downtown. There are 5 parcels, 15 lots,12 homes (built and owner financed, there are only 12 homes on the 15 lots because an additional lot was purchased by a homeowner to give them more acreage) and 2 vacant lots ready for the new owner to build 2 new homes. Electricity and septic tanks are already in place. If you are ready to start making money right away with no expenses, this is the investment opportunity for you!
For $895K you Purchase $950,000 in
guaranteed mortgage notes and collect
over $1.7M for the term of the notes.
Additional benefits to buying this land
includes, two vacant lots available for new
owner to build on and sale/lease. Seller is
currently collecting additional income of
$300.00 per month on one of the vacant
lots. And, charges for water averaging
over $330 per month. Income from HOA
fees to be determined by new owner.
For $895K you Purchase $950,000 in
guaranteed mortgage notes and collect
over $1.7M for the term of the notes.
Additional benefits to buying this land
includes, two vacant lots available for new
owner to build on and sale/lease. Seller is
currently collecting additional income of
$300.00 per month on one of the vacant
lots. And, charges for water averaging
over $330 per month. Income from HOA
fees to be determined by new owner.
Property Facts
| Price | $895,000 | Building Class | C |
| Price Per Unit | $59,667 | Lot Size | 8.60 AC |
| Sale Type | Investment | Building Size | 924 SF |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $895,000 |
| Price Per Unit | $59,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.60 AC |
| Building Size | 924 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 3079D-012 | Improvements Assessment | $0 |
| Land Assessment | $2,520 | Total Assessment | $2,520 |
PROPERTY TAXES
Parcel Number
3079D-012
Land Assessment
$2,520
Improvements Assessment
$0
Total Assessment
$2,520
zoning
| Zoning Code | R2 |
| R2 |
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489 Pen Dr
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