Contact Information

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

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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

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