Contact Information
Jeff Gibbs
Mobile Home Park Details
- Price: $550,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 6535798
- Posted On: Jul 10, 2024
- Updated On: Aug 30, 2024
Description
Investment opportunity waits. 9 mobile homes, 8 currently rented. Room to add more units or possible rv park. Well maintained property and homes. Conveniently located to Huntsville, Guntersville, and Arab. Don't miss out on this one. All mobile homes have been remodeled and are have been very nicely redone. Property sold AS IS. No repairs.
Location
From Guntersville, take hwy 69 toward Arab. Turn rt on Union Grove Rd. travel 7.8 mi. Property on lt. Look for signs near road. Conveniently located to Guntersville lake and Huntsville, AL
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2022 |
| Average MH Lot Rent: | $880 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $57,300 |
| Operating Expense: | $21,742 |
| Net Operating Income: | $35,557 |
| Expense Ratio: | 37.9 % |
Lot Information
| Singlewide Lots: | 9 |
| Park Model Lots: | 9 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $880 |
