Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1226575
  • Posted On: Mar 10, 2020
  • Updated On: Sep 9, 2020

Description

28 acre park located in Shelby AL. The park has waterfront property on Lay Lake.
Address listed is for the grocery store which sits in front of park.
85 Lots in the park
Boat launch and picnic area
5 boat stalls / storage being rented
Large Shop with small office attached
39 trailers are park owned homes.
Alabama power and Columbiana water supply utilities.
All trailers are on septic tanks.

The park has been in the family for more than 30 yrs. My father managed the park and has recently passed away at 92 yrs old. In the last year of his life, due to health issues, the park was neglected. My brother and I have been running the park for the past 12 months. There has been extensive clean up and evictions. Several rental trailers have been sold, and trailer rent has increased for new renters coming in. Lot rent was last increased in 2017.

Average lot rent in the area is around $200mth.

Property tax last year was : $9800
Liability insurance was : $1500

Feel free to contact and ask questions. The park was owned by my father and his uncle. The rental trailers were owned by my father. My father being 92 years old, his book keeping was done in a notebook.

Location

4634 Hwy 71, Shelby, AL 35143

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Park Information

Community Type: All Age
Number of MH Lots: 85
Total Occupancy: 95.0 %
Year Built: 1989
Average MH Lot Rent: $145
Size: 28 acre(s)

Lot Information

Singlewide Lots: 64
Doublewide Lots: 20

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 39
Average Rent for Park-owned Homes: $500

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