Mobile Home Park Details
- Cap Rate: 6.9%
- Listing ID: 2605686
- Posted On: Apr 24, 2023
- Updated On: Oct 23, 2023
Description
Meadowbrook Portfolio | Located in Eufaula Alabama area
Offer Price: $999,000
42 Unit: Mobile Home Park + SFR + Storage
Park can be purchased separately from portfolio
29 lot MHP: PRICED @ 13.4K A LOT
8 SFR: PRICED @ 70K A HOME
5 Unit Storage building: PRICED @ 50K
Portfolio grosses over 100k as is
*Add Value by stabilizing & infilling MHP & Storage building and bringing homes to market levels over time.
Location
Located close to major routes intersecting Montgomery to Eufaula & Georgia
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $101,400 |
| Operating Expense: | $32,426 |
| Net Operating Income: | $68,974 |
| Expense Ratio: | 32.0 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
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