Unique Opportunity! Only $45k for 6 Mobile Homes in GA!
$45,000
SOLD
0 Old Register Way
Statesboro, GA
Very unique opportunity to purchase 6 mobile homes just outside Statesboro, GA.
How it works is, you will own the 6 homes and within 30 days after closing, begin renovating the homes to get them ready for rent. See scope of work below. You will begin paying lots fees immediately, see below:
FREE for the 1st month.
$200 for the 2nd month.
then up to the normal amount of $400 the 3rd month.
The homes must stay on the lot for a minimum of 3 years and title will not be transferred to buyer prior to that time. This is so seller can collect the lots fees. However, all rents collected, minus the lot fee is income for the buyer.
Rental Income:
$750 / month for the 2 bedroom homes
$850 / month for the 3 bedrooms
These can be pushed depending on the condition of the home.
Renovation Cost:
Repairs vary quite a bit. Best for the buyer to view the homes as we don't yet have these fully assessed. Each home has a different renovation cost and scope of work, of course, but below is the range.
$10k-$15k for single wide $15k-$20k for double wide
*Repairs vary quite a bit. Best for the buyer to view the homes as we don't yet have these fully assessed.
Exterior of the homes must be brought up to community standards within 90 days.
Scope of Work of Exterior:
skirting
pressure washing
subflooring
roof
cold sealing roof
cabinets
windows in working condition
