Mobile Home Park Details
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Purchase Method:
Cash, Seller Financing, New Loan
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Cap Rate:
8.6%
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Listing ID:
1283170
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Posted On:
Jul 5, 2020
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Updated On:
Sep 14, 2020
Description
88 Pads approved by county for RV/MOBILE HOME PARK,pads are 42'x 54'& do not include the septic area. To date there are 53 of the planned & approved lots completed,electricity is available for the 35 remaining lots & sewer permits are in hand for the 35.Sewer& water expense is avoided with deep water wells & septic tanks saving $75/month or $6,600/month for 88 RV'S.POSITIVE CASH FLOW at Present with 18% of planned 0ccupancy.
Location
Summerdale,Alabama,Baldwin County BEACH EXPRESSWAY,9 miles south of Interstate 10,fastest growing area in Alabama, 22 miles to GULF OF MEXICO BEACHES,625'Frontage on BEACH EXPRESS,TRAFFIC COUNT 20,000-25,000 per 24 HOUR PERIOD& with extension to INTERSTATE 10 estimates are that it could possibly double.
Amenities
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Laundromat
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Handicap Accessible
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Utility Information
| Water: |
Well |
| Water Paid By: |
Park
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| Sewer: |
Septic |