5 Acres of Improved Mixed-Use Land for Sale in Bowman, Georgia
2245 TO 2253 Bellew Dr, Bowman, GA 30624
TURN KEY INVESTMENT with Great returns (CAP Rate 11%) - Trailer Park (5 units) kept in Very Good Condition. Gross Monthly Rental Income $3,100; Gross Annual Rental Income $35,100. 100% OCCUPIED. Current being managed by a Management Company making it a hands free. They can continue to manage it OR you can do it yourself. HVAC systems recently replaced on 4 of the units. Newer flooring in a few of the units. Owners updating the properties when there is a vacancy which is a low turnover. Currently - 5 units in place (Singlewide mobile homes) with an option to add 1 more unit/home. Located minutes from Bowman, GA off Hwy 17 close to Elberton, Royston, Athens, Lavonia, and Hartwell.
Directions
Bowman - Hwy 17 South, Right on Fork Creek, Immediate Right on Bennett Rd, Immediate Left on Dud Rd, Bear Left onto Bellew Rd, Look for 5 white mailboxes at the road. Entrance is right before it.
Property details
- County
- Elbert County
- Elevation
- 702 feet
- MLS Number
- GAMLS 20147629
- Date Listed
Parcels
- 006136
Detailed attributes
Listing
- Type
- Commercial
Structure
- Roof
- Metal
- Cooling
- Central A/C
- Heating
- Central Furnace, Electric, Forced Air, Heat Pump
Exterior
- Parking Spots
- 10
Interior
- Floors
- Carpet, Vinyl
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 17, 2024 | Under contract | $259,900 | — | GAMLS |
| Feb 25, 2024 | Price decrease | $259,900 | $5,000 -1.9% | GAMLS |
| Feb 25, 2024 | Relisted | $264,900 | — | GAMLS |
| Feb 3, 2024 | Listing removed | $264,900 | — | — |
| Dec 9, 2023 | Price decrease | $264,900 | $15,000 -5.4% | GAMLS |
| Nov 1, 2023 | Price decrease | $279,900 | $20,000 -6.7% | GAMLS |
| Sept 20, 2023 | New listing | $299,900 | — | GAMLS |