Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.0%
- Listing ID: 1283172
- Posted On: Jul 5, 2020
- Updated On: Jul 6, 2020
Description
lots are 42'x 54' with angled parking in a beautiful pecan grove,with 625 ' frontage on the Baldwin Co. BEACH EXPRESSWAY & WITH 624 'frontage n Baldwin co. Rd. 36.
a clubhouse is being planned,park has deep water wells & septic system so no expense for these services,possible expansion of park to the west & north.
Location
park located 9 miles south of BUCKEE'S & interstate 10 & approx.20 minutes from Gulf of MEXICO BEACHES,GULF SHORES,Al.BEACH EXPRESS ROAD is being extended to INTERSTATE 65 WHICH CONSENSUS IS THE TRAFFIC SHOULD DOUBLE.
Amenities
- Laundromat
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Park Information
| Number of MH Lots: | 88 |
| Total Occupancy: | 93.0 % |
| Year Built: | 2017 |
| Average MH Lot Rent: | $425 |
| Size: | 9 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $418,200 |
| Operating Expense: | $72,000 |
| Net Operating Income: | $346,200 |
| Expense Ratio: | 17.2 % |
| Debt Info: | available to shown |
Lot Information
| Singlewide Lots: | 88 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 88 |
| Average RV Lot Rent: | $425 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |