Contact Information
Alex Kyriazis
Mobile Home Park Details
- Price: $2,500,000
- Purchase Method: Cash, Seller Financing
- Listing ID: 6878816
- Posted On: Apr 28, 2025
- Updated On: Apr 28, 2025
Description
--VALUE ADD MOBILE HOME PARK ONLY 21 MINUTES FROM BOOMING BIRMINGHAM, AL CBD! OFFERED AT A STRONG CAP RATE BASED ON CURRENT NUMBERS
--55 LOT MOBILE HOME PARK--MAJORITY PARK OWNED HOMES--AT 74% OCCUPANCY
--PARK IS IN GREAT SHAPE AND HAD THE SAME OWNER FOR 18 YEARS--ALL INFRASTRUCTURE IS THOROUGHLY MAINTAINED
-- RENTS ARE BELOW MARKET THUS PROVIDING A NEW INVESTOR AMPLE OPPORTUNITY TO INCREASE NOI UPON ACQUISITION
--ADDITONAL LAND INCLUDED IN THE DEAL--ROOM FOR ABOUT 8 TO 10 MORE TRAILERS OR 15+ RV'S--LAND IS CLEARED, FLAT, AND CONNECTED TO THE LAGOON SYSTEM THAT SERVICES THE PARK
--CALL OR EMAIL BROKER FOR MORE DETAILS AND FINANCIALS+RENT ROLL
--MINIMAL SELLER FINANCING WITH A SIZEABLE DOWN PAYMENT IS AN OPTION BUT SELLER PREFERS TO CASH OUT TRADITIONALLY.
Location
--20 minutes from Birmingham, AL
--Part of the Birmingham, AL MSA--quiet town with a strong rental demand
Park Information
Community Type: | All Age |
Number of MH Lots: | 55 |
Total Occupancy: | 74.0 % |
Size: | 17 acre(s) |
Utility Information
Water: | City |
Sewer: | Treatment Plant |