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
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 |