7322 Hwy 122 13 Ray City, GA 31645
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson - Contact:  2292443535

  7322 Hwy 122 13 Ray City, GA 31645

Active (4 Days)
$949,000
12,648
SQFT

Description

Walker's Crossing Mobile Home Park in northeast Lowndes County is a rare opportunity to invest in a turnkey operation and create value immediately or over time when units naturally turn! 14 pad sites, with 13 park-owned homes updated over the past couple of years attract and retain highest quality tenants paying premium rents! Just north of one of the largest economic drivers in South Georgia - Moody Air Force Base - this high-growth location and product is unmatched. The Moody Activity Zone (MAZ-II) zoning in place restricts new multi-family and / or mobile home park development creating a long-term competitive advantage for this grandfathered-in location. Current rents at $11,075 / month peg this investment at a 9.1% in place cap rate with 35% operating expense factor. Pushing under market rents up even slightly puts this north Lowndes County MHP at an 11%+ cap!! Well and septic in place, mobile-home units individually metered and direct billed by utility provider for power. One extra pad / vacant lot can be developed for mini-storage for additional income. 2 double-wides, 11 single-wides provide a variety of 1/1, 2/1, and 3/2 housing options. Small storage building on site provides room for equipment / supplies. These clean and affordable mobile home park investments are rare for this market - call for rent roll and financials on this solid investment opportunity today!!!

MLS #:
145723
Lot Size
3.36 acres
Type
Multifamily
County
Lowndes County

Listed By

John Courson, Coldwell Banker Premier Real Estate, Contact: 2292443535
Source
VALDOSTA/SOUTH GEORGIA
Last checked Jul 31 2025 at 3:44 PM GMT+0000
Bathroom Details
Subdivision
  • Walker's Crossing
Heating and Cooling
  • Central Air
Basement Information
  • No
Pool Information
  • None
Exterior Features
  • Other
Utility Information
  • Utilities: Well, Shared Well
  • Sewer: Septic Tank
Parking
  • 3+ Cars
Stories
  • 1
Additional Information: Premier Real Estate | 2292443535
Location
   
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Disclaimer: Copyright 2023 Valdosta Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/21/23 09:29