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Listing Details

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School Information

Elementary School
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Description

Big potential for this Mobile Home Park Lot just off Highway 441 in Nicholson. Renovate the last mobile home left on the property, or bring four new homes in to have a brand new park. Zoned Rural Residential which allows for Mobile Home Park in City of Nicholson. Was previously set up with 4 homes. Great potential to have $4000++ per month income. Pro Forma NOI would say $30,000 Income for the year after expenses, and with an 8 Cap that means a value of $375,000. There are septics in place, one shared well, 4 power poles in place. Over 1.1 Acre lot, with wooded privacy and peaceful setting. Potential assemblage with neighboring property that was also a mobile home park in the past, and the same sellers have an additional Commercial Zoned lot that fronts Hwy 441. This just makes great sense for the huge shortage of affordable housing in the area. The other parcels from the same seller are 311 Pace Dr, which could possibly be converted to mobile home park, and is vacant, and the Commercial Lot at 55 Pace Dr.

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© 2021 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Southside Realtors are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information 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. Information is deemed reliable but is not guaranteed accurate by GAMLS or Southside Realtors. Data last updated: 2021-09-18T22:52:00.833.
www.amyandcompanyrealtors.com/homes/121245318
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137 E Pace Drive Nicholson, GA 30565

  • Price: $184,900
  • Status: Active
  • MLS #: 9047445
0
Beds
0
Baths
0
½ Baths
1.13
Acres
Neighborhood:
None
County:
Jackson
Area:
JACKSON
Elementary School:
East Jackson
Middle School:
East Jackson
High School:
Jackson County
Property Description
Big potential for this Mobile Home Park Lot just off Highway 441 in Nicholson. Renovate the last mobile home left on the property, or bring four new homes in to have a brand new park. Zoned Rural Residential which allows for Mobile Home Park in City of Nicholson. Was previously set up with 4 homes. Great potential to have $4000++ per month income. Pro Forma NOI would say $30,000 Income for the year after expenses, and with an 8 Cap that means a value of $375,000. There are septics in place, one shared well, 4 power poles in place. Over 1.1 Acre lot, with wooded privacy and peaceful setting. Potential assemblage with neighboring property that was also a mobile home park in the past, and the same sellers have an additional Commercial Zoned lot that fronts Hwy 441. This just makes great sense for the huge shortage of affordable housing in the area. The other parcels from the same seller are 311 Pace Dr, which could possibly be converted to mobile home park, and is vacant, and the Commercial Lot at 55 Pace Dr.
Exterior Features

Lot Features Other Lot Size Area 1.13 Lot Size Source Public Records Lot Size Units Acres View YN No

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Units Square Feet Living Area Units Square Feet

Property Features

Association Fee 0 Community Features None Es Bus Yn Yes Hs Bus Yn Yes Ms Bus Yn Yes Property Sub Type Residential Lot Sewer Septic Tank Tax Annual Amount 3 Tax Year 2020 Waterfront YN No

Listing provided courtesy of Greater Athens Properties. © 2021 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


© 2021 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Southside Realtors are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information 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. Information is deemed reliable but is not guaranteed accurate by GAMLS or Southside Realtors. Data last updated: 2021-09-18T22:52:00.833.
 
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Southside Realtors
157 Keys Ferry Street
McDonough GA, 30253