Mobile Home Park Details
- Cap Rate: 12.4%
- Listing ID: 4363660
- Posted On: Jan 30, 2024
- Updated On: Apr 29, 2024
Description
This neat small mobile home park is nicely tucked away in a quiet location in the fastest growing county in Alabama.
The rent rolls document an annual gross income of $222,000 and annual expenses of only $16,520. The business and property are being offered at a CAP rate of 12.4.
The park encompasses 3.5 acres with the adjoining landowner willing to sell farm acreage, which would allow a new owner to triple or quadruple the size of the park.
For detailed information, please contact William Bruce by email at Will@WilliamBruce.org.
Location
South Baldwin County, Alabama
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Park Information
Number of MH Lots: | 19 |
Total Occupancy: | 100.0 % |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $222,000 |
Operating Expense: | $16,520 |
Net Operating Income: | $205,480 |
Expense Ratio: | 7.4 % |
Debt Info: | None assumable |