Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1553107
- Posted On: Nov 16, 2021
- Updated On: May 5, 2022
Description
26 Lots with 19 POH and 1 TOH and 6 vacant lots. New rents range from $650 to $1000 for rentals. TOH is only $150.
For More Information click here. https://www.dropbox.com/sh/a15ecw82dgk7moo/AAChy5-mYPNRLWLQeP8oeww0a?dl=0
Country Living Estates is the perfect asset to keep in your portfolio for stability and growth. With a strong population within a 25 mile radius of around 110,618, (https://www.freemaptools.com/find-population.htm) this park should never carry a vacancy once completed. Dothan Al is the eighth largest city in Alabama with an abundance of businesses and restaurants for your tenants.
Country Living Estates is located in a country setting with pasture on two sides and where the bright lights of the stars are the only thing that will keep you up at night.
A quiet clean community just 10 minutes from Dothan Al and 1.5 hours from the white sandy beaches of Panama City Florida.
All 26 lots are individually metered with city water, power and a maintained septic system. The sandy soil in this region is perfect for this type of system. All septic systems were permitted by county.
70% of the homes have a tin roof installed.
All HVAC systems where tenants live have been checked and are in good working order.
This park is under renovation and will soon be full. Every listing on FB or Craigslist brings in dozens and dozens of interested parties. No shortage of tenants.
Sell back all the homes, set your lot rents to $395 and have a million dollar asset. Let me show you how!
Call now or email at ParksUnlimited@yahoo.com. 770-722-4239
Location
On a level lot surrounded with woods and pasture. No big trees.
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 26 |
Total Occupancy: | 80.0 % |
Year Built: | 2000 |
Average MH Lot Rent: | $150 |
Size: | 9 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $128,700 |
Operating Expense: | $45,045 |
Net Operating Income: | $83,655 |
Expense Ratio: | 35.0 % |
Lot Information
Singlewide Lots: | 26 |
Doublewide Lots: | 3 |
RV Information
Number of RV Lots: | 6 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 19 |
Average Rent for Park-owned Homes: | $800 |