5 acres MH Park stabilized room to grow.

Multi-Family for Sale
Catylist Listing ID: 30865228
Property Subtypes: Mobile Home Park
Number of Units: 9 Units
Building Size (RSF): 1,100 SF
Gross Building Area: See Agent
Gross Land Area: 5 Acres
Sale Price: $395,000
Unit Price: $43,888.89 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/20/2024

Overview / Comments

5 acre Mobile Home park for sale consisting of 8 Park owned mobile homes on 5 acres generating $4645 a month in rental income. 7 homes are currently being rented with the 8th home under renovations.

Road frontage on Jack Williams rd and frontage on Juniper Creek Road..

Water, garbage and lawn maintenance are paid by park owner. Garbage is $131/month (dumpster onsite), Taxes & Registration $1046 annually, water $42/month (trailers are on city water), and each lot has its own septic tank. 1 Septic tank was drained and inspected in 2022, 1 in 2021, and 1 in 2020.

All trailers are single wides and have metal overlay roofs with 5 homes having central heat and air while 2 others are on self-contained units. 3 homes were updated in 2022 and rent increased and the others will be as renters move out. There is an 8th trailer being renovated that hasn’t been rented in a few years because it was used as storage. The expected rent will be $800 a month.

There is 3 additional acreage to be used for expansion or add RV spots.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 1705210000037XXX
Percent Occupied: 100%
Property Located Between: Mobile Al
Total Number of Buildings: 8
Property Condition: Good
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 17,566
Median Age: 36.12
Households: 6,138

Contact

Photograph of Listing Agent

Renee Cheval Beasley

National Land Realty Gulf Coast CMLS Member
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