Riverside | 625 Riverside Rd
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Riverside 625 Riverside Rd
5 Unit Mobile Home Park £586,838 (£117,368/Unit) 10.30% Net Initial Yield Sugar Hill, GA 30518
Investment Highlights
- Light traffic
- Private area
Executive Summary
Looking for an EXCELLENT income property? You found it! Generating $6000/month, Corporate tenant lease renews yearly! This gem of a property is tucked away on 1.5 acres in the heart of Sugar Hill. Plenty of privacy and parking for residents and guests. Excellent location! Minutes from Lake Lanier’s East Bank Park, Gary Pirkle Park and the Chattahoochee River. Shopping, dining and commuting are a breeze from this close-in location next to Hwy 20, Suwanee Dam Road and Peachtree Industrial. The original residence is a 3 bedroom/2 bath home with an office/bonus room and showcases updated flooring and paint. The back left side of the main residence features a studio apartment with bathroom and a kitchen with easy access to create a shared space if desired. Recent $100,000 Improvements include Exterior Siding, New paint, Driveway, New plumbing, landscaping, flooring, painting, HVAC units and another Studio Bedroom on the other side of the main house with a full extra bathroom and kitchen, features a wood burning stove, attic access and two private second level porches. New roof!! Upstairs, there is a two-room suite with a compact bathroom and 1 bed/1 bath open suite with a kitchen, living room and dining area.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Ceiling Fans
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 7+5 | 5 | - | - |
1 of 1
zoning
| Zoning Code | R100 (Residential) |
| R100 (Residential) |
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Riverside | 625 Riverside Rd
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