Multifamily Property for Sale in Tifton, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tifton, GA 31794

Description

25% Cash on Cash, Turn-Key Stabilized Manufactured Housing Marcus & Millichap is pleased to present Lawson’s Court MHP, a stabilized investment opportunity with excellent cashflow consisting of 17 manufactured housing lots in Tifton, GA. Located along Interstate 75, a major North-South thoroughfare, Tifton serves as the economic and medical hub of the region. It’s also known for distribution centers, manufacturing, agriculture, and research and education. It’s home to the 181-bed Tifton Regional Medical Center, a 1.5 million sq foot Target Distribution center, Kelley Manufacturing Company, the Abraham Baldwin Agricultural College, and the University of GA Tifton Campus. With a steadily growing population and consistently increasing rental rates, this park is well positioned to continue providing affordable housing. Lawson’s Court MHP is a total of 17 manufactured housing lots consisting of 4 tenant owned homes (TOH), 6 rented park owned homes (POH), and 7 rent to own homes (RTO). The average lot rental rate per month is $550, the average RTO payment above lot rent is $511, and the average POH rent above lot rent per month is $483. The POH’s are an average age of 1995 and in average condition. The road is public and paved. The park is serviced by public water and sewer that are billed directly to tenants, curbside trash that is billed directly to tenants, and public electricity that is billed directly to tenants. The park is partially in a flood zone that affects roughly 4 units. The park is NOT in an opportunity zone. We are asking investors to submit offers at $995,000. All offers must include price, inspection timelines, proof of funds, and relevant real estate experience. Investment Highlights: • 24.7% Cash on Cash Day 1 on Broker Adjusted Expense • 10.5% Lot Rent only Cape Rate on Broker Adjusted Expense • 14.3% Global Cap Rate on Broker Adjusted Expense

Market Context

This multifamily in Tifton, GA is listed for sale. It is offered at an approximate 10.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Tifton, GA — <a href="/search/sale/multifamily/georgia/tifton">view the full market</a>.

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