Contact Information
Kris Wessel
NAI Martens
Mobile Home Park Details
- Price: $2,300,000
- Purchase Method: Cash, New Loan
- Listing ID: 5722653
- Posted On: May 14, 2024
- Updated On: Oct 14, 2024
Description
Price Reduced $200K! Many recent improvements at this property with abundant remaining upside. Current ownership converted the property to public water supply and re-plumbed the majority of the park with new pex water lines. 10 new homes were also added. Included in the 90 sites are 14 nearly completed RV sites, that have water, sewer and electrical connections. The RV sites need the gravel roads and drives added for completion. There are nine new septic tanks out of a total of 18.
Onsite, the office building is also home to a leased convenience store and a laundry.
At 53.3% current occupancy, there is large upside remaining in filling additional sites at this property, both MH and RV.
Location
Daleville is a busy and prosperous city, sandwiched between Enterprise, Dothan and Fort Novosel. This area has strong drivers for affordable housing, and it has seen several successful infill projects completed on mobile home communities, throughout the past five years.
Amenities
- Laundromat
Park Information
Community Type: | All Age |
Number of MH Lots: | 90 |
Total Occupancy: | 53.3 % |
Average MH Lot Rent: | $395 |
Size: | 17 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - RUBs |
Download Documents
- CONFIDENTIALITY AGREEMENT for Red Oak MHP Daleville, AL.pdf
- Summary Flyer Red Oak MH RV 10112024.pdf