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276 Milam Bridge Rd, Euharlee, GA, 30120

Milam Bridge MHP

$2,700,000

Key Information

Cap Rate
8.01%
Lot Size
12.18 Acres
$ per unit
$65,854
Units
41
Year Built
1992
Type
Manufactured Housing
NOI
$216,275

Highlights

• Lease-Up Upside: Four vacant pads (Lots 2A, 7, 25, and 36) are available for immediate lease-up, offering embedded income upside with no incremental development cost.
• Excellent Demographics: The median household income in Euharlee is over $99,000, characterizing the area by a strong middle and upper-middle class.
• Ancillary Income Bill-Backs: Water is billed back to tenants at $35/lot/month and pet rent is collected at $15/month per pet, supplementing base rental income and also minimizing owner utility exposure.
• Well Maintained Grounds: Landscaping is serviced on a contracted, every-other-Friday schedule, keeping common areas well maintained with minimal owner oversight.
• Approximately 9 miles from downtown Cartersville, offering access to Publix, Walmart Supercenter, Target, Kohl’s, and the Main Street shopping and dining district.
• Zoned for Bartow County Schools, including Euharlee Elementary School and Woodland Middle School at Euharlee, both located within the immediate community.
• Adjacent to Plant Bowen, one of the largest coal-fired power stations in the U.S. and a major area employer and Bartow County taxpayer.
• Convenient access to I-75 via Cartersville, connecting residents to the broader Northwest Georgia and Atlanta metro employment corridor.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305