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

MOBILE COUNTY, AL – The MHP Broker proudly presents Country Club Oaks Mobile Home Park (MHP) in Wilmer, AL. This small, 14-pad community is located 23 miles from the major port and commercial center of Mobile, AL. Positive job growth with a low cost of living makes this an ideal area for families to live. The property sits on 7.1 acres just outside of town, making for a quiet, country community. The park is currently fully-occupied and operates on direct-billed water and 1:1 septic.

The lot rents are currently averaging $332/month, with rates in the park ranging from $300-$375/month. Of the 14 homes, there are 7 on rent-to-own contracts (RTO), 2 park-owned homes (POH), and 5 tenant-owned homes (TOH). The balance on the RTO units is approx. $142,000 and those notes will be conveyed with the sale, including the park-owned homes. The homes are mostly 1990's vintage in good condition. The Seller has spent the last two years bringing in homes, refurbishing existing units, improving the roads, providing new signage, and creating a stabilized community for the next owner. There is currently off-site management in-place, but there is an option for a future on-site manager.

This would be an excellent opportunity for a first-time investor or someone looking to add to their existing portfolio.