Mobile Home Park Details
- Purchase Method: New Loan
- Listing ID: 4633485
- Posted On: Mar 9, 2024
- Updated On: May 8, 2024
Description
Beautiful family community that has been recently revitalized. OFF MARKET.. 36 Lots- 11 VPOH (vacant only because they haven't been renovated yet). All homes have new decks and tin roofs. Most homes have been completely renovated. Includes 31 POH, 2 TOH, 3 VL, Included are 3 houses and 2 road frontage businesses. Over a 1000 ft of road frontage on a 4 lane hwy leading to Dothan Al. 1.5 hrs to Panama City beach. Click here for Dropbox Folder. https://www.dropbox.com/scl/fo/k0pr927hbl797lzmdblhk/h?rlkey=dgofy38cpqz5x1294zq54w10b&dl=0
Parksunlimited@yahoo.com
9 CAP pricing is $1.65M
Location
Just 7 miles from Dothan Al on the main Hwy 84 between Ga and Dothan,
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 36 |
| Total Occupancy: | 63.0 % |
| Average MH Lot Rent: | $395 |
| Size: | 8 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $195,072 |
| Operating Expense: | $49,518 |
| Net Operating Income: | $148,554 |
| Expense Ratio: | 25.4 % |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 31 |
| Average Rent for Park-owned Homes: | $850 |
