Pine Bluff Mobile Estates | 211 Pine Bluff Rd
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Pine Bluff Mobile Estates 211 Pine Bluff Rd
188 Unit Mobile Home Park $6,095,121 CAD ($32,421 CAD/Unit) 6.46% Cap Rate Albany, GA 31705
Investment Highlights
- Located in a strong rental market with increasing demand for affordable housing.
- Clean park already running well, with great management in place.
- Value add opportunity, ability in infill the park's 60 vacant spaces and rent 17 vacant park owned homes
Executive Summary
188 Space Park
Big, Clean, park
Great Management in place
City water and sewer
Tons of upside
Call For Details
Big, Clean, park
Great Management in place
City water and sewer
Tons of upside
Call For Details
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,010,798
|
$118.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$80,864
|
$9.51
|
| Effective Gross Income |
$929,934
|
$109.40
|
| Taxes |
$51,029
|
$6.00
|
| Operating Expenses |
$327,010
|
$38.47
|
| Total Expenses |
$378,039
|
$44.48
|
| Net Operating Income |
$551,895
|
$64.93
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,010,798 |
| Annual Per SF | $118.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $80,864 |
| Annual Per SF | $9.51 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $929,934 |
| Annual Per SF | $109.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $51,029 |
| Annual Per SF | $6.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $327,010 |
| Annual Per SF | $38.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $378,039 |
| Annual Per SF | $44.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $551,895 |
| Annual Per SF | $64.93 |
Property Facts
| Price | $6,095,121 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $32,421 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 38.80 AC |
| Cap Rate | 6.46% | Building Size | 8,500 SF |
| No. Units | 188 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Price | $6,095,121 CAD |
| Price Per Unit | $32,421 CAD |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 188 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 38.80 AC |
| Building Size | 8,500 SF |
| No. Stories | 1 |
| Year Built | 1980 |
Site Amenities
- Picnic Area
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Pine Bluff Mobile Estates | 211 Pine Bluff Rd
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