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    137 Pace Drive

    Nicholson, GA 30565
    • $184,900
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: 983528
    UPDATED: 37 min ago
    $184,900
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • Under 1,000
      SQFT
    • $185
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Information

    Elementary School:

    Description

    Big potential for this Mobile Home Park Lot just off Highway 441 in Nicholson. Renovate the last mobile home left on the property, or bring four new homes in to have a brand new park. Zoned Rural Residential which allows for Mobile Home Park in City of Nicholson. Was previously set up with 4 homes. Great potential to have $4000++ per month income. Pro Forma NOI would say $30,000 Income for the year after expenses, and with an 8 Cap that means a value of $375,000. There are septics in place, one shared well, 4 power poles in place. Over 1.1 Acre lot, with wooded privacy and peaceful setting. Potential assemblage with neighboring property that was also a mobile home park in the past, and the same sellers have an additional Commercial Zoned lot that fronts Hwy 441. This just makes great sense for the huge shortage of affordable housing in the area. The other parcels from the same seller are 311 Pace Dr, which could possibly be converted to mobile home park, and is vacant, and the Commercial Lot at 55 Pace Dr.

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    © 2021 Multiple Listing Service of the Athens Area Association of REALTORS®. All Rights Reserved. The data relating to real estate for sale or lease on this web site comes in part from the MLS of the Athens Area Association of REALTORS® Broker Reciprocity Database. Real estate listings held by brokerage firms other than Signature Real Estate of Athens are marked with the Broker Reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate of Athens. Data last updated: 2021-09-20T09:21:21.997.
    www.signaturerealestateofathens.com/homes/121205479
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    137 Pace Drive Nicholson, GA 30565

    • Price: $184,900
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 983528
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    Under 1,000
    SQFT
    $185
    $/SQFT
    1990
    Built
    Neighborhood:
    No Recorded Subdivision
    County:
    Jackson
    Area:
    12:Jackson Co.
    Elementary School:
    East Jackson
    Middle School:
    East Jackson Co. Middle School
    High School:
    East Jackson High School
    Property Description
    Big potential for this Mobile Home Park Lot just off Highway 441 in Nicholson. Renovate the last mobile home left on the property, or bring four new homes in to have a brand new park. Zoned Rural Residential which allows for Mobile Home Park in City of Nicholson. Was previously set up with 4 homes. Great potential to have $4000++ per month income. Pro Forma NOI would say $30,000 Income for the year after expenses, and with an 8 Cap that means a value of $375,000. There are septics in place, one shared well, 4 power poles in place. Over 1.1 Acre lot, with wooded privacy and peaceful setting. Potential assemblage with neighboring property that was also a mobile home park in the past, and the same sellers have an additional Commercial Zoned lot that fronts Hwy 441. This just makes great sense for the huge shortage of affordable housing in the area. The other parcels from the same seller are 311 Pace Dr, which could possibly be converted to mobile home park, and is vacant, and the Commercial Lot at 55 Pace Dr.
    Exterior Features

    Construction Wood Siding Exterior Features None Foundation Basement Crawl Space Lot Size Or Acreage 1+ - 2 Number Of Parking Spaces 8 Parking Yes Style Mobile-Sw

    Interior Features

    Air None Appliances None Fireplace None Floors Unfinished Green Features None Heat None Interior Features None Kitchen Features Other-See Remarks Rooms Other-See Remarks Stories Other-See Remarks

    Property Features

    Additional Units No Amenities Street Lighting Approx Age 31 Assoc Fees Include None Documents On File Plat Map Extras Other-See Remarks Hoa Mandatory No Lease Option No Lease Purchase No Multifamily Extras Other-See Remarks Multifamily Type Other Multi-Family Ownership Owner Property Ever Occupied Yes Sewer Septic Tank Short Sale YN No Sq Ft Source Other Water Well

    Listing provided courtesy of Greater Athens Properties. © 2021 Multiple Listing Service of the Athens Area Association of REALTORS®.


    © 2021 Multiple Listing Service of the Athens Area Association of REALTORS®. All Rights Reserved. The data relating to real estate for sale or lease on this web site comes in part from the MLS of the Athens Area Association of REALTORS® Broker Reciprocity Database. Real estate listings held by brokerage firms other than Signature Real Estate of Athens are marked with the Broker Reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate of Athens. Data last updated: 2021-09-20T09:21:21.997.
     
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    Athens GA, 30606