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0 Sparks Mobile Home Park

Sparks, GA 31647

– beds
– baths
– sqft
~9 acre lot
1995 build
– on site

Incredible investment opportunity for a 37 unit mobile home park at a 10.44% Cap rate. This park is spread among 37 parcels, totaling 9.25 acres with 37 pads in the beautiful town of Sparks, GA. This South Georgia town is located minutes from Interstate 75 and less than 7 miles to the Adel, Ga and 25 minutes to Valdosta, GA. This community features 37 park-owned homes (POH) with current Occupancy at 94.59%, with 27 doublewides and 10 singlewides. Sparks Mobile Home Park utilizes county water and county sewerage that is direct-billed to each tenant. Park supplies trash through a dumpster. Highlighted features include paved roads that are county maintained. The POH inventory age varies in age from the 1992 through the 2006, with only two outliers dated 1983 & 1989 - all homes are 3/2 with exception to one 4/2 and one 5/3. Several homes have new HVACs. With an average total rent of $785/month, there is room to increase the POH rents by at least $25-$50 per month on new turnovers. We are asking investors to submit offers at, or above, $2,650,000 for the portfolio, which includes all the home inventory as well as the land each parcel sits on. This is pricing the community at a 10.44% cap after expenses. This is well below replacement cost of used homes. Total income should provide an investor with a solid mid-teens cash-on-cash return. Titles are in hand. Rent Roll and PNL are available for qualified Buyers.

Listing courtesy of GAMLS / Caleb Ross / Canopy Realty Group

Last checked: Checking… • Last updated Feb 18, 2025 •

MLS# 10452754 —

The Building

Year Built:

1995
Construction Materials:

Vinyl Siding
Structure Type:

Multi Family (5+ Units)
# of Units Total:

37
Levels:

One
Basement:

None

Financial & Terms

Possession:

Close Of Escrow
Owner Pays:

Garbage

Location

Latitude:

31.181332
Longitude:

-83.433313

The Property

Property Type:

Residential Income
Property Condition:

Resale
Lot Size Acres:

9.25
Lot Size Source:

Other
Parcel Number:

MULTI

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$6,574

Heating & Cooling

Heating:

Electric
Cooling:

Electric

Utilities

Utilities:

Electricity Individual Meters, Water Individual Meters
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Cook Primary/Elementary
Middle School:

Cook County
High School:

Cook County

The Community

Subdivision:

Fox Run
Community Features:

Playground
Association:

No
Association Fee Includes:

None

Parking

Parking Features:

Over 1 Space per Unit

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
2/4/25 Feb 4, 2025	Listed / Active	GAMLS	$2,650,000

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This multifamily located in Sparks, GA 31647 is currently for sale for $2,650,000. 0 Sparks Mobile Home Park is a – square foot multifamily with – beds and – baths that has been on Estately for 17 days. This multifamily is in the attendance area of Cook High School, Cook Primary School, Cook County Middle School, and Cook Elementary School.

Listing Courtesy of: GAMLS and Canopy Realty Group.

© 2025 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.