Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 552990
- Posted On: Aug 11, 2015
- Updated On: Nov 19, 2015
Description
106 Lot mobile home park on 34 acres. Built in 1973 with all gravel roads. County has recently started putting in all new water lines for the park. Park is individually metered for water & electric. Park has 63 septic tanks, 1 per 2 trailers. Cost $150 to pump septic tanks. Property tax is only $900 a year. Lots of room to improve financials. Lot rent only at $125 a month. Owner going to raise it to $150 a month June 2015. Possible to get it up to $200 within a few years. Need to install a sign on Hwy 72 to drive traffic to the park. Manager lives onsite at the park and has been there 4 years. Tenants mow their own yards and manager mows the common areas.
Located in a small town close to Scottsboro, Al and only 3 miles from Tennessee Valley Authority's never-completed Bellefonte Nuclear Generating Station. It is possible this Station will be completed in the future driving a huge demand for RV and MH spots for many years. 45 minutes from Huntsville, Al and 1 hour from Chattanooga, Tn. I have tax returns and other records. Please email me and I will send them to you.
Park Information
Community Type: | All Age |
Number of MH Lots: | 106 |
Total Occupancy: | 60.0 % |
Year Built: | 1973 |
Average MH Lot Rent: | $125 |
Size: | 34 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |