Gilman Mobile Home Park

Multi-Family for Sale
Also listed as Business Opportunity
Catylist Listing ID: 29852298
Property Subtypes: Mobile Home Park
Number of Units: 12 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 8 Acres
Sale Price: $375,000
Unit Price: $31,250 Per Unit
Property Use Type: Investment
Building Name: Gilman Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

ATMORE, AL! INVESTMENT PROPERTY. This 8 acre property has 12 mobile homes located on it with the seller owning 9 of the mobile homes. The ages of the mobiles homes are 1982,1985,1988,1993,1994,1996,1997,1998, and 2001. (2) are double wide's and (7) single wide's. Seller has remodeled all mobiles homes except for one and put (3) new metal roofs on (3) mobiles homes. Presently ready to add(9) more mobile homes with just electrical meters, septic tanks are in place. If you want to reposition the mobile homes you could have a total of (40) units on this acreage. It is conveniently located about a 1/2 of a mile from Wind Creek Casino and Hotel. This property yields a monthly income of $4,400 not including the 4 remaining lots still available to rent. Property has great potential of triple income.

**The buyer of this Mobile Home Park will be able to place (2) two bedroom, 1 bath mobile homes on one septic tank. At the moment, with no updates, this park is available for 20 Mobile Homes. Turning the existing mobile homes perpendicular to Ward & Terry Lane, adding more homes to the property, this will allow space for 10+ more homes to be added.**

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Escambia
Submarket Type: Other
Taxing Authority: Escambia Co Al
Tax ID/APN: Escambia Co Al - Parcel ID 11-08-33-0-200-002.009
Zoning: UNZONED
Property Located Between: Hwy 21 and Terry Lane
Highway Access: Hwy 21 and Interstate 65
Airports: Mobile Al or Pensacola Fl
Site Description: Very fast moving area...within seeing distance of WindCreek Hotel and Casino, property adjoins property that is owned by Poarch Band of Creek Indians.
Area Description: Very fast moving area...within seeing distance of WindCreek Hotel and Casino, property adjoins property that is owned by Poarch Band of Creek Indians.
Total Number of Buildings: 9
Property Condition: Good
Year Built: 1982
Year Renovated: 2015
Roof Type: Other
Construction/Siding: Aluminum Siding
Exterior Description: Mobile homes
Parking Type: Surface
Parking Description: Driveway
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Hot Water
Heat Source: Ceiling Units
Zoning Description: UNZONED
Lot Frontage: 630
Water Service: Municipal
Sewer Type: Septic
Easements: Ingress/Egress
Easements Description: Ima Lane is the right that access this property.
Legal Description: 30-11-08-33-0-200-002.004 30-11-08-33-0-200-002.000 30-11-08-33-0-200-002.011 30-11-08-33-0-200-002.009 (4) Parcel to the park

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,519 12,516
Median Age: 39.27 36.6
Households: 582 3,736

Contact

Photograph of Listing Agent

Patty Helton-Davis

PHD Real Estate LLC Gulf Coast CMLS Member
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