Mobile Home Park Details
- Listing ID: 3835375
- Posted On: Oct 14, 2023
- Updated On: Dec 15, 2023
Description
34 Total Rentable units:
- 6 SFRs
- 1 Duplex
- 21 Mobile Homes (Park Owned)
- 5 Vacant Lots
*City Water
*City Sewer
Rehab & occupy Vacant Units
*Park is very close to 15k month rent roll by occupying some of the easier units that need light rehab
Infill Homes to 5 Vacant Lots
Bring units up to market rents
*Most occupied units rehabbed over the last 12 months
All single family homes occupied
Vacant Mobiles homes need repair
*Seller is current owner and a licensed Real Estate agent
Location
•Dothan is a growing City with strong rental demand
- Portfolio sees a large amount of inquires when units put available
for rent
•Please check out this video on Dothan growth:
https://youtu.be/4eT0y4EMsG0
•Population: 70,318
+5.4% since 2020
•Median Income: $42,026
•Median Home Price: $181,400
•Unemployment Rate: 3.8%
•In City Location means Tenants can walk to shopping, banking and
general daily needs
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 60.0 % |
Financial Information (Actual)
| Gross Income: | $132,000 |
| Operating Expense: | $39,806 |
| Net Operating Income: | $92,194 |
| Expense Ratio: | 30.2 % |
Lot Information
| Singlewide Lots: | 26 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
