Auburn Ridge MHC
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Price: $7,625,000
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Address: 275 Carter Rd Auburn, GA 30011
Property Description:
Park Brokerage Inc. is proud to announce the sale of 2 Mobile Home Parks and 12 Duplexes, completed on December 23, 2022 for $7,625,000.
Jake Martin of Park Brokerage Inc. exclusively represented the Buyer and George Waidelich of Park Brokerage Inc. procured the financing.
The Sale Included:
Auburn North MHP |133 Lots | 275 Carter Rd, Auburn, GA
Auburn South MHP | 39 Lots | 64 Main St, Auburn, GA
12 duplexes | 24 apts | 122 Quail Valley Rd, Auburn, GA
All 3 properties are within 1.5 miles of each other – located in the Atlanta MSA.
The 3 properties utilize public water.
Auburn North MHP runs on a mix of public sewer and septic tanks while Auburn South MHP and the duplexes operate on septic tanks.Below market rents and operating inefficiencies provide an opportunity for the Buyer to capture value as they implement their investment strategy.
Auburn North MHP runs on a mix of public sewer and septic tanks while Auburn South MHP and the duplexes operate on septic tanks.Below market rents and operating inefficiencies provide an opportunity for the Buyer to capture value as they implement their investment strategy.