Entry Level Sweat Equity Clean Mobile Home Park

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30626272
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 18 Units
Building Size (RSF): 16,000 SF
Gross Building Area: See Agent
Sale Price: $515,550
Unit Price: $28,641.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 9.4%
Average Occupancy Rate: 83
Last Updated: 8/7/2020

Overview / Comments

Great location, established MOBILE HOME Park in Escambia County Al. 4 miles from Creek Casino Atmore Al. Located between Perdido Fl and Mobile Al. Close to the Gulf of Mexico, 2 miles off major I-10 interstate.
4.3 acres improved ready for new ownership. Can easily be brought back to 100% full. Waiting list is in place. 4 Units filled by end July.. 18 Septic tanks 1 well.
City water is available can be switched on at any time.
Local Sheriff owns and is currently building new home next door.
14 Park owned trailers. All homes range from 1998 models to 2004. 2 homes are Tenant owned. One is belonging to park Manager and one is currently lease to own. (contract matures 7/21/21)
Play ground.
call agent today for Rent rolls and expenses.

Additional Details

Nearest MSA: Atmore
County: Escambia
Tax ID/APN: 2706140000002002

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,623 9,583
Median Age: 34.96 37.01
Households: 1,449 3,849
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