Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 18974
- Posted On: Jan 4, 2011
- Updated On: Jan 4, 2011
Description
2 acres, 18 spaces mobile home park developed in 1983. Lots are 90' x 50' plus right of ways on public roads on 8 lots. City services paid by tenants: Electricity, water and sewer and garbage. 3 park owned homes, one of which is half thru RTO term with payments of $165 per month with 30 months remaining. Monthly lot rent is $90 with an increase to minimum market of $100 due soon. The owner is one home owner, and there are 11 others including the one RTO'd unit. 4 spaces are vacant and ready for infill homes of any age. Google has the community name Dundee, Hartford, Alabama. Google pics were made before owner developed final lot on corner of the public roads. There are no restrictions on age of homes. The two park homes not under contract or rented are empty at this time and in good condition for asis RTO's with an elevated lot rent rate.
Location
Hartford, Alabama and Geneva County is described well on google sites detailing local area. Small town in a small county, that shops and works mostly in the Dothan/Enterprise/Fort Rucker metro area. Seven miles north of Florida, 40 miles west of Georgia, in southeast Alabama. 70 miles from Gulf of Mexico. There is only one other trailer park licensed in Hartford, and it has five spaces.
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 18 |
Total Occupancy: | 66.0 % |
Year Built: | 1983 |
Average MH Lot Rent: | $90 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $14,000 |
Operating Expense: | $1,500 |
Net Operating Income: | $12,500 |
Expense Ratio: | 10.7 % |
Debt Info: | Bank mortgage local banker. |
Lot Information
Singlewide Lots: | 18 |
Doublewide Lots: | 18 |
Triplewide Lots: | 0 |
Park Model Lots: | 18 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $165 |