Listing Broker: Eric Wanck
Contact Eric Wanck: +1-678-932-0200

COVINGTON COUNTY, AL - Lunsford Mobile Home Park (MHP) resides in the south central portion of Alabama, in the charming town of Opp. This park is just 27 miles to the Florida line and roughly an hour from Dothan and Troy, AL. This community features 67 pads on city water, sewer and trash that is all direct-billed. The total parcel size is 15 acres and is 73% occupied with 13 vacant lots and 3 vacant homes.

Lunsford MHP positions itself for a tremendous value-add opportunity with good demand for housing. The park is entirely park-owned homes, with 54 homes ranging from 1980's to early 2000 models -- 5 of them being doublewides. The vacant lots have infrastructure in-place and are ready for new homes, providing immediate upside. The park is managed remotely with a tenant on-site to oversee daily operations and maintenance. The park’s roads are paved with dirt/gravel driveways that are in average condition.

This community presents a great opportunity to acquire a 60+ pad park on direct-billed city utilities and a value-add component. Current rent roll shows over $25,000 gross monthly and could be substantially higher once lots are filled.

The Seller has maintained good books and records and has titles and or bills of sale to the homes. We are asking investors to submit offers at, or above, $2,500,000 for the entire park, including the park-owned home inventory. Seller financing is not being offered. Please see broker for additional information on debt options.