Contact Information
Mobile Home Park Details
- Price: $1,400,000
- Cap Rate: 8.8% (Actual)
- Listing ID: 6857049
- Posted On: Mar 28, 2025
- Updated On: Mar 28, 2025
Description
Sands Investment Group is Pleased to Present Exclusively For Sale the River Road Estates Located at 9634 River Road in Muscle Shoals, AL. The Property Features 27 Lots Consisting of 22 Park Owned Homes and 5 Tenant Owned Home, Situated on 6.08 Acres.
• 27 Total Lots Comprised of 22 Park Owned Homes & 5 Tenant Owned Homes
• Utilities Are Individually Billed – City Water & Private Septic
• Paved Roads
• The Property is Situated on 6.08 Acres
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Park Information
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $800 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $179,880 |
| Operating Expense: | $56,077 |
| Net Operating Income: | $123,802 |
| Expense Ratio: | 31.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
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