Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 16.5%
- Listing ID: 1331242
- Posted On: Sep 28, 2020
- Updated On: Mar 20, 2022
Description
SELLER FINANCING AVAILABLE WITH 60% down. Nice park consisting of 10 mobile homes(POH's) and 4 RV hookups located on Lakewater Drive off Hy 229 in Tallassee,Al. Parks sits on 6 acres leaving room for expansion. Tallassee Park is currently at full occupancy and is centrally located between Montgomery and Auburn, just off I85.
Location
centrally located between Montgomery and Auburn, just off I85 on Lakewater Drive in Tallassee,Al.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $650 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $6,700 |
| Operating Expense: | $900 |
| Net Operating Income: | $5,600 |
| Expense Ratio: | 13.4 % |
Lot Information
| Singlewide Lots: | 10 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $175 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $650 |
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