Mobile Home Park Details

  • Cap Rate: 12.4%
  • Listing ID: 4363660
  • Posted On: Jan 30, 2024
  • Updated On: Apr 29, 2024

Description

This neat small mobile home park is nicely tucked away in a quiet location in the fastest growing county in Alabama.

The rent rolls document an annual gross income of $222,000 and annual expenses of only $16,520. The business and property are being offered at a CAP rate of 12.4.

The park encompasses 3.5 acres with the adjoining landowner willing to sell farm acreage, which would allow a new owner to triple or quadruple the size of the park.

For detailed information, please contact William Bruce by email at Will@WilliamBruce.org.

Location

South Baldwin County, Alabama

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Park Information

Number of MH Lots: 19
Total Occupancy: 100.0 %
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $222,000
Operating Expense: $16,520
Net Operating Income: $205,480
Expense Ratio: 7.4 %
Debt Info: None assumable

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