Golden Shores Mobile Home Community

  • $3,375,000
99 Joann Dr, Brunswick, GA 31525, USA
Featured For Sale New
Golden Shores Mobile Home Community
99 Joann Dr, Brunswick, GA 31525, USA
  • $3,375,000

Description

JTACR Real Estate Group and Coldwell Banker Southern Coast are pleased to present Golden Shore Mobile Home Subdivision: a 62-lot community located in Glynn County, Brunswick, GA.

**Creative Financing Available

The community is advantageously positioned on Highway 17, half a mile from the Brunswick – Golden Isles Airport, providing excellent accessibility to the entire region as well as easy access to transportation options.

Golden Shores is individually parceled, with City hookups for both Water and Sewer.

This is a 9.1% on the lot value only!

Tenants pay their own utilities.

Currently Hwy 17 is in the process of being widened, to accommodate for the growth taking place in that area.

Current ownership features opportunity to sell of the remaining park owned homes and in-fill the vacant pad sites, thereby presenting investors with the opportunity to acquire a historically stable, income producing property with immediate rental upside.

Investment Highlights

In 2022, 2 lots prepaid for two years worth of lot rent. This will be additional revenue beginning in early 2024

6 lots have no homes on them currently. This is an opportunity to bring in homes and increase the overall occupancy of the community

  • Address 99 Joann Dr, Brunswick, GA 31525, USA
  • City Brunswick
  • State/county Georgia
  • Zip/Postal Code 31525

Details

Updated on February 23, 2024 at 1:50 pm
  • Property ID: 170469
  • Price: $3,375,000
  • Land Area: 11 Acres
  • Year Built: 1980
  • Property Type: Mobile Home Parks
  • Property Status: For Sale
  • Cap Rate: 9.10%
  • Buildings: 1
  • Year Renovated: 2022
  • Units: 62

Overview

Property ID: 170469
  • 1980
  • Year Built
  • 11
  • Lot Acres

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Information provided in this listing is deemed reliable but not guaranteed. Prospective buyers should perform their own due diligence in verifying all facts and figures related to the property, including but not limited to zoning, property conditions, utilities, legal uses, and financials. The broker makes no representation or warranties, expressed or implied, as to the accuracy of information contained herein. Prices, terms, and availability are subject to change without notice. The listing broker is not responsible for any errors, omissions, or inaccuracies in the information provided. Buyer to verify all information to their satisfaction. This is not an offer to sell, nor a solicitation of offers to buy, in jurisdictions where such an offer or solicitation would be unlawful. All images are for illustrative purposes only and may not represent the current state of the property.

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Carrie Sieger
  • Carrie Sieger