
BWE Investment Sales, LLC (BWE) is pleased to offer the exclusive opportunity to acquire A&B MHC. A&B is an 81-lot mobile home community situated in Griffin, Georgia, about 30 miles south of Atlanta. The community is majority tenant owned (85%) with the current average lot rent being $578. The community is serviced by public water, which is billed back to tenants, and 1:1 septic. Curbside trash is also included in rent. Occupancy today sits at 68%, with 26 vacant lots, giving the next buyer massive upside through infill.
A&B MHC is conveniently situated in south Atlanta, which has seen an enormous amount of population growth and investment over the last 5 years. According to our rent study, there are several communities in the Atlanta MSA over $825 lot rent, and POH rents as high as $1,800. We are offering this community at $5,150,000 which gives investors the chance to capitalize on the rapid growth of the largest MSA in the Southeast and the 6th largest in the country.
According to our rent study, there are several communities in the Atlanta MSA over $825 lot rent, and POH rents as high as $1,800. We are offering this community at $5,150,000 which gives investors the chance to capitalize on the rapid growth of the largest MSA in the Southeast and the 6th largest in the country.
1
81
46
7
Billed Back
Public
Atlanta MSA