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.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |