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Augustine Estates

Warner Robins, Georgia

Property overview

Augustine Estates is located in Houston County. Houston County is a county located in the central portion of the U.S. state of Georgia. The very northern edge of the county, north of Centerville and Warner Robins, is located in the Upper Ocmulgee River sub-basin of the same Altamaha River basin. The very southwestern corner of Houston County, well west of Interstate 75, is located in the Middle Flint River sub-basin of the ACF River Basin.

MHRE Inc. is pleased to present Augustine Estates located in Warner Robins, Georgia. Built in 1972, the investment opportunity consists of 22 MHP sites and 1 stick built home. There are 18 park owned homes, in which 11 are occupied, and of the 7 vacant homes, 3 have already been renovated. In addition to the homes, Augustine Estates also has 2 site rentals and 2 vacant sites.

Augustine Estates is located in Houston County. Houston County is a county located in the central portion of the U.S. state of Georgia. The very northern edge of the county, north of Centerville and Warner Robins, is located in the Upper Ocmulgee River sub-basin of the same Altamaha River basin. The very southwestern corner of Houston County, well west of Interstate 75, is located in the Middle Flint River sub-basin of the ACF River Basin.

Augustine Estates
401 South 3rd Street
Warner Robins, Georgia 31088

For detailed information on this property please contact: Steve Yank .

Property Summary

Developed Sites22
Year Constructed1972
Land (Acres) +3.29
Occupied Sites13
Vacant Sites9
Occupancy59%
Average Rent/Site$246
PRIMARY USEMHP
SECONDARY USEAll Age
STAR CLASSIFICATION2
WATERMunicipal
SEWERMunicipal
WATER METER TYPEMater Meter
SEWER METER TYPEMaster Meter

OFFERING SUMMARY

Community Price$300,000
Community Owned Homes & Notes$0
Total Investment$300,000
Price per Site13,636
Price Occupied per Site23,077
NOI (At Close With Reserves)35,699
Cap Rate - Year 1 (With Reserves)11.9%
Operating Expense Ratio - Year 1 (With Reserves)55.19%