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Scott Alderman
(C) (229) 561-1939
FIRST COMMERCIAL REAL ESTATE
(M) (229) 245-1328
(F) (229) 245-9029
P.O. Box 1361
1810 N. Ashley St., Ste. 5
VALDOSTA GA 31603
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Listing Details
MLS Number: 120431
List Price: $1,950,000
# Full Baths:  
Area: 5-N side hwy 84 in Lowndes Co.
Direction:  
Street #: 3980
Street Name: Val Del Rd
City: Hahira
State: GA
Zip Code: 31632
Historic District: No
Electricity: Under 400 Amps
Cooling: Central Electric, Window/Wall Unit
Heating: Central Electric, Window/Wall Unit
Parking: Private, Paved
Road: Paved
Sewer: Septic Tank, Community Sewer
Water: Well, Community
Year Built: 1985
Zoning: P-D, R-A
Business Type: Other
Property Type: Commercial Sale
Property Description: Val Del Mobile Home Park across from 400+ home Nelson Hill Subdivision. Unique hybrid property with great income & 53 total acres (±20 used by park & ±33 undeveloped). Priced based on 10.0% cap on 2020 pro-forma NOI ($148, 168), plus 33 acres @ $14, 500/acre. 2019 gross $182, 629, net $137, 478. As of 2-13-20, there are 51 lots (2 vacant), 49 homes (23 park-owned, 26 tenant-owned). On-site private water-sewer system serves existing park & up to 53 new lots (partially developed). County water & sewer on Val Del Rd, connection possible with approval & engineering. ±2173' frontage on Val Del Rd, 938' on Sermons Ln. Site is adjacent to 3 tracts planned for 395 new SFH lots. Assessors' tool says ±58 acres, see pic. 2019 taxes are for real estate & park-owned homes. Summary, financials, layout attached in Docs. Buyer must show proof of funds. No owner financing. Minimum deposit $50k or 2.5%.