Two mobile home parks for Auction Nov 18-20, 2024 on RI Marketplace

Auction Site: https://rimarketplace.com/auction/2220/clanton-reserve-enterprise-reserve-mobile-home-communities-birmingham-montgomery-al-msa?utm_source=mhp_store&utm_medium=listing_paid&utm_campaign=external&utm_content=multifamily_2220

Friedman Real Estate, in conjunction with RI Marketplace, is pleased to present the exclusive marketing and sale of Clanton Reserve and Enterprise Reserve, two mobile home communities totaling 91 sites in Clanton and Verbena, AL. Currently, the properties are approximately 46% occupied, generating an in-place NOI of $255,000. There is significant potential for value enhancement, as the average lot rent is lower than competing parks in the area, which have an average occupancy rate of 95%. This presents a unique opportunity for a new owner to increase rents and explore additional revenue streams.

Clanton and Verbena, located within the Birmingham-Montgomery MSA, offer a blend of Southern hospitality and strong community spirit. The area provides easy access to vibrant cultural experiences and the natural beauty of central Alabama. Residents can enjoy local parks, recreational opportunities, and nearby amenities. With its appealing environment and strategic location, Clanton and Verbena represent an attractive investment opportunity in the mobile home park sector.

Daniel Culps
Fisher Auction Company Inc.
License: 5070