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PROPERTY FOR SALE
VALLEY VIEW DR MOBILE HOME PARK 63 Valley View Dr, Cartersville, GA 30120
• PRICE: $695,000
• LAND: 4.2 AC mobile home park
• UNITS: 11 UNITS- 1 frame house, 4 rented mobile homes, 4 Rent -To-Own
Mobile Homes, 1 rented lot & 1 vacant lot
• ZONING R-3, multifamily zoning (see attached sheet for other multifamily
uses)
• INCOME: $104,800 (actual in 2019)
• CAP RATE: 12.6% (actual in 2019) further information on later page
• LOCATION: 1 mile from downtown Cartersville which is approximately 40
miles from Atlanta
• UTILITIES: City water and sewer which all tenants pay along with
electricity and trash removal, etc.
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected]
Licensed Agent has an interest in the property.The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its
accuracy, but we do not guarantee.
LAND AREA IS 4.2 ACRES.
• THE SITE HAS 11 units which comprise 1 frame house, 4 rented mobile homes, 4 Rent -To-
Own Mobile Homes, 1 rented lot & 1 vacant lot with almost every unit having privacy and space
between themselves and their neighbors. It has strong cash flow with great long-term
potential and is fairly simple to manage.
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected]
Licensed Agent has an interest in the property.The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee.
SITE
7.6.7 Permitted uses in R-3 district. Within the R-3 residential district, no building, structure, land, or water shall be used except with one or more of the following uses. A use not specifically named within a district is not permitted:
Apartment developments. Apartment buildings which comply with the following:
Total ground floor area of the building(s) is limited to 30 percent of site area. Two off-street parking spaces shall be provided on site for each dwelling unit. Each dwelling unit shall have separate bath/toilet and kitchen/dining areas.
(ii)
Each dwelling unit shall contain a minimum of:
600 square feet—one bedroom units.
750 square feet—two bedroom units.
900 square feet—three bedroom units Internal setbacks: buildings shall be spaced at least 20 feet apart. The front of one building shall not face the rear of another building on the site. External setbacks: All buildings must maintain a setback of 25 feet from all external property boundary lines and any rights-of-way.
Townhome developments. Fee simple townhome developments which comply with the following: Minimum lot size for
townhomes: 3,000 square feet.
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected] Licensed Agent has an interest in the property. The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee
GREAT RE-DEVELOPMENT SITE WITH EXISTING ZONING
Site is located approximately 1 mile from downtown Cartersville in a strong rental housing market and is extremely convenient to I-75. It is a highly desired location since it is near many large employers along with shopping and the interstate.
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected] Licensed Agent has an interest in the property. The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee
Significant renovation done to the majority of the units which equates to the existing tenants
desiring to stay long-term.
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected] Licensed Agent has an interest in the property. The information contained herein has been obtained from sources
deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee
EXISTING UNITS
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected] Licensed Agent has an interest in the property. The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee
EXISTING UNITS
COPY OF SURVEY
CONTACT: MIKE MAYERS OF M & M BROKERAGE AT 404-846-8888 or [email protected] Licensed Agent has an interest in the property. The information contained herein has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee
2019 ACTUAL EXPENSES Taxes- $3,900
Insurance- $4,700
Maintenance & Professional- $7,300
Utilities $ 600
Refund $ 800
$17,300*
*ONE-TIME RENOVATION EXPENSES NOT INCLUDED
