Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.0%
  • Listing ID: 1896388
  • Posted On: Sep 29, 2022
  • Updated On: Apr 2, 2023

Description

Pettiway Tr community is the perfect asset to hold in your portfolio. The market area is strong and will continuously provide a nice ROI for your investors. Located in Dothan Al. you are just an hour and half to one of the best beaches on the Gulf, Panama City Beach.

This mobile home community stays full. The market is so strong that your screening process is filled with qualified tenants that have good jobs.

Pettiway Tr Community is located just minutes outside the circle of Dothan Al.

Dothan Al has a strong population within a 25 mile radius of around 110,618.
https://www.freemaptools.com/find-population.htm

There are 24 Lots with 23 Homes, 5 of which are new 1 & 2 bedroom cabins, valuing around $60,000 each.

Will Not Last Long! $975,000

Click Here For Park Drop Box Folder
https://www.dropbox.com/sh/9bww16mzlc078rm/AACtmUIRFCe6piIv5LbTJqJda?dl=0

All homes have been washed or painted. Tin roofs installed on some. The trees and landscaping is manicured. If any water leaks were discovered they were repaired. Well screened month to month tenants. All vacant homes renovated, painted with new flooring. Landscaping through-out with a fresh layer of limestone gravel.

All tenants are month to month

All lots are individually metered with city water, power and a maintained septic system.

Dothan Al is the eighth largest city in Alabama with an abundance of businesses and restaurants for your tenants.

Every listing on FB or Craigslist brings in enough prospects to be very selective. No shortage of tenants.

Call now or email at ParksUnlimited@yahoo.com
770-722-4239

Location

Located just 3 miles outside the circle of Dothan, this community is surrounded by well established neighborhoods. The population within a 25 mile radius is over 100k.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 100.0 %
Average MH Lot Rent: $300
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $177,600
Operating Expense: $53,280
Net Operating Income: $124,320
Expense Ratio: 30.0 %

Lot Information

Singlewide Lots: 23
Doublewide Lots: 1

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 21
Average Rent for Park-owned Homes: $800

Video

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