Swan Lake MHC

20 Harbour Rd NE, Rome, GA 30165
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Investment summary

Number of Lots300

Occupancy87%

Avg. Lot Rent$481

Offering Memorandum & Deal Room

Executive summary

BWE Investment Sales LLC (BWEIS) is pleased to offer the exclusive opportunity to acquire Swan Lake MHC. Swan Lake MHC is a 300-unit mobile home community located in Rome, GA. The current lot rent is $481, and the community is serviced by public sewer and water that is sub-metered and billed back to tenants and curbside trash that is also billed back to tenants. There is value add opportunity for investors by increasing the occupancy through rehabbing homes and filling vacant lots, as well as continuing to convert park owned homes into tenant owned to reach a threshold that allows refinancing with agency debt. Swan Lake MHC is located with convenient access to several major highways, just 55 minutes (52 miles) from Atlanta, and it is near a plethora of employment opportunities, retail, educational institutions, and attractions, including parks, festivals, and an emerging art scene in Rome.

Bang Realty-Georgia lnc | License No. BRK. 378952

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Investment highlights

Convenient Location:

Swan Lake MHC is conveniently located near major highways, providing residents with easy access to various employers, retail, educational institutions, and attractions, like parks, festivals, and museums in and around the vibrant Rome metro area. It is situated just 55 minutes (52 miles) from Atlanta and 33 minutes (20 miles) from Cartersville, providing residents with several job opportunities. In between Rome and Cartersville, Hyundai began construction on an electric vehicle battery plant in 2023, a $5 billion investment that will immediately create 3,750 jobs, and over 6,500 in the next five years. Qcells will also begin building a $2.5 billion renewable energy plant in Cartersville at the end of 2024, which will create 2,500 jobs.

Value Add Opportunity:

There is value add opportunity for investors by increasing the occupancy through rehabbing homes and filling vacant lots, as well as continuing to convert park owned homes into tenant owned to reach a threshold that allows refinancing with agency debt.

Utilities:

The community is serviced by public water and sewer, which are both sub-metered and billed back to the tenants, and curbside trash is also billed back to tenants.

Exclusively listed by

Parker Kelly

VP, Manufactured Housing, Investment Sales