Mobile Home Park Details
- Cap Rate: 14.0%
- Listing ID: 3994172
- Posted On: Nov 14, 2023
- Updated On: Jan 16, 2024
Description
• 100 % occupied value add MHP in
Mobile, AL MSA
• Strong demand for rental housing in a
suburb of Mobile with a good school
system
• Room to grow rents and expand park
with additional acreage included in
sale
• 11 park owned trailers of various unit
counts; all trailers on septic
Location
Located in a strong suburb of Mobile, AL; great school system, quiet residential neighborhood, close to main roads.
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Park Information
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $87,000 |
| Operating Expense: | $18,168 |
| Net Operating Income: | $68,832 |
| Expense Ratio: | 20.9 % |
| Debt Info: | Sellers would consider Seller Financing but offer would have to be VERY strong. |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |