Hennon & Dugger MHP Portfolio
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Hennon & Dugger MHP Portfolio
2 Multifamily Properties Offered at $780,000 in Rome, GA
Investment Highlights
- 19 MH Pads plus 2 Houses: 17 pads occupied, offering immediate rental income. The 2 houses add versatility and value to the portfolio
- Renovated Units: Ownership has achieved increased rental rates for upgraded units, successfully demonstrating the proof-of-concept for the next owner.
- Affordability and Occupancy: The below-market rates make these units more affordable, which helps establish stable, long-term occupancy
- Income Growth Potential: Increase revenue by leasing up vacancies, increase rates on renovated units, and add 2 new MHs to vacant pads
- Easy Management: The smaller portfolio size allows for simpler management/maintenance, making it ideal for hands-on or out-of-state investors
- Flexible Sale Options: Either park can be sold separately or together as a portfolio
Executive Summary
Galanti Realty Partners is pleased to present for sale the Hennon and Dugger Mobile Home Park Portfolio. Seize this exceptional value-add investment opportunity, featuring two well-maintained mobile home parks complete with 19 mobile home pads, 17 park-owned mobile homes, and two stick-built houses. This manageable portfolio is perfect for entry-level investors or experienced operators seeking steady income with room for growth.
Rome, GA offers a strong employment base, boasting a record low unemployment rate of 2.9% (source: US BLS Feb 2024). Major employers in the general vicinity encompass several recession-resistant industries, including healthcare, education, manufacturing, and more. These properties offer a rare blend of affordability, stability, and growth potential. Don’t miss out on this unique opportunity to expand your real estate portfolio with a collection of high-performing, manageable assets!
Rome, GA offers a strong employment base, boasting a record low unemployment rate of 2.9% (source: US BLS Feb 2024). Major employers in the general vicinity encompass several recession-resistant industries, including healthcare, education, manufacturing, and more. These properties offer a rare blend of affordability, stability, and growth potential. Don’t miss out on this unique opportunity to expand your real estate portfolio with a collection of high-performing, manageable assets!
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$154,800
|
| Other Income |
$12,180
|
| Vacancy Loss |
$18,000
|
| Effective Gross Income |
$148,980
|
| Taxes |
$3,097
|
| Operating Expenses |
$27,576
|
| Total Expenses |
$30,673
|
| Net Operating Income |
$118,307
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $154,800 |
| Other Income | |
|---|---|
| Annual | $12,180 |
| Vacancy Loss | |
|---|---|
| Annual | $18,000 |
| Effective Gross Income | |
|---|---|
| Annual | $148,980 |
| Taxes | |
|---|---|
| Annual | $3,097 |
| Operating Expenses | |
|---|---|
| Annual | $27,576 |
| Total Expenses | |
|---|---|
| Annual | $30,673 |
| Net Operating Income | |
|---|---|
| Annual | $118,307 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 73 Dugger Dr NE, Rome, GA 30165 | Multifamily | 4,500 SF | 1972 | - |
|
Hennon MHP
1080 Hennon Rd, Rome, GA 30165 |
Multifamily | 8,000 SF | 1966 | - |
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Hennon & Dugger MHP Portfolio
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