Irene Way Mobile Home Park

Cohutta, Georgia

About

Irene Way Mobile Home Park is a 4.75-acre mobile home park located in Northwest Georgia. The park features 10 mobile home lots, including 8 single-wide and 2 double-wide homes. The homes are all recently renovated and rented out to tenants, who pay their own power and a monthly water fee of $30. The park also includes a 3-bedroom, 2-bath home. The sales price of the park is $375,000, with a cap rate of 12% and an annual rental income of $76,908. The park's expenses include lost rents, property taxes, insurance, garbage service, maintenance, lawn service, utilities, and more.

Amenities

Available Site Types

• RV Sites