Contact Information

P
Parks Unlimited LLC
Photo

Mobile Home Park Details

  • Price: $1,750,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 6674277
  • Posted On: Jul 21, 2024
  • Updated On: Jul 28, 2024

Description

This community is pristine. A very clean community sitting under a canopy of mature trimmed trees. The park is under going a full renovation. The exterior of all homes have been washed or painted. Tin roofs on all POH homes with new porches and decks. All infrastructure has been repaired from water lines to power poles. There are 36 lots with room for expansion. Inside the 36 lots are 2 steel commercial buildings located on a 1000ft of 4 lane road frontage leading from Ga to Dothan Al. All homes with tenants have had at least $10,000 of renovations. There are also 2 stick built homes included. All homes are POH except for 2. Presently the park is doing about $17,000 a month with more being added with each home we renovate. There are about 9 more lots to be completed. This will bring roughly $7,000 more in rents. All homes that have central air have been serviced and are in working condition. No dead beats or pit bulls allowed. We are also working on 44 lots just minutes away where we are adding new homes.
parksunlimited@yahoo.com
770-722-4239

Location

Community sits on a four lane road 5 miles from Dothan Al. Beautiful 36 lots with homes on 33 lots. All level under a canopy of trimmed trees.

Amenities

  • Storage
  • Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 36
Total Occupancy: 80.0 %
Average MH Lot Rent: $395
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $204,000
Operating Expense: $51,000
Net Operating Income: $153,000
Expense Ratio: 25.0 %

Lot Information

Singlewide Lots: 31
Doublewide Lots: 1

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $500

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: $800

Video

Download Documents

Similar Mobile Home Parks for Sale