Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.4%
- Listing ID: 2368018
- Posted On: Apr 7, 2023
- Updated On: Apr 7, 2024
Description
This community has been revitalized by Parks Unlimited LLC. parksunlimited@yahoo.com.
Daisy mobile home community is the perfect little cash cow. The community is the perfect asset to just hold and enjoy the passive income. All homes have a tin roof, painted with new decks.
Tenants pay rent online. There is no knocking on the doors.
Located in the heart of Taylor Alabama, It is nestled in the middle of a brick home neighborhood across the street from a community park. This is one of the main attraction to this community. Not to mention, you are just minutes to Dothan Alabama and 1.5 hours to the Gulf.
There are 9 homes and one cabin with four empty lots for added income. The community is extremely clean and quite. If you ever list a home in this community you will get plenty of responses to pick from. There are no shortage of qualified folks with all the work in the Dothan area.
Location
Only a 1.5 hours to Panama City Fla golden beaches. Dothan Al has a strong population within a 25 mile radius of around 110,618.
https://www.freemaptools.com/find-population.htm
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $395 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $90,840 |
| Operating Expense: | $22,710 |
| Net Operating Income: | $68,130 |
| Expense Ratio: | 25.0 % |
Lot Information
| Singlewide Lots: | 14 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $800 |
