70 unit MH park( Troy Al)

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30340598
Property Subtypes: Mobile Home Park
Status: Pending/Contingent
Number of Units: 70 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 11 Acres
Sale Price: $975,000
Unit Price: $13,928.57 Per Unit
Property Use Type: Investment
Building Name: Suntrace Mobile Home park
Sale Terms: Cash to Seller
Cap Rate: 12.9%
Average Occupancy Rate: 70
Last Updated: 10/23/2018

Overview / Comments

Looking for that sweat equity?? Here it is.. Great college town location. Owners are very motivated... Bring all offers.. Suntrace is a 70 unit MH park on 11 acres. City water, lagoon septic. Manager of 12 years, who lives across the street in the 2nd MH park they own( Sierra Meadows) wants to stay on and manage the park as well as the maintenance man. (lagoon man) FYI Sierra Meadows ( 90 acre parcel) is for sale for $450,000. Make a package offer on both parks. Park has alot of potential. Lots of details. Contact agent Renee 251-978-9500

Additional Details

Nearest MSA: Troy
County: Pike
Tax ID/APN: 1706130000010000
Zoning: MH
Property Located Between: Troy AL
Highway Access: US hwy 231
Area Description: college town..
Total Number of Buildings: 66
Property Condition: Fair
Zoning Description: zoned MH
Lot Frontage: 450
Lot Depth: 983
Water Service: Municipal
Sewer Type: Other
Land Ownership: owned
Legal Description: pike county/ # 1706130000010000

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,892 15,225
Median Age: 31.2 29.28
Households: 1,645 5,925


Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
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