Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 1537416
  • Posted On: Oct 17, 2021
  • Updated On: Dec 30, 2023

Description

67 lot mobile home park for sale in Opp, Alabama. This park has tons of potential to add value immediately through raising rents and improving current operations and collections. This park has direct-bill city water and city sewer - no private utilities! The roads are mostly paved and are in great shape. Each lot has unpaved off-street parking. 51 lots are in service today. Additional value can be gained by infilling vacant lots. 9 lots already have water & sewer hookups and 4 additional lots already have sewer hookups and just need a water connection. 3 lots have vacant homes on them being used for storage. These homes would need to be renovated or replaced. Email Hello@VoyageInvesting.com to have details sent over!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 67
Year Built: 1988
Size: 15 acre(s)

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 49
Average Rent for Park-owned Homes: $473

Similar Mobile Home Parks for Sale