Catylist ID:
#30865228
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: | 4/23/2024 |
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 |
Demographic Statistics
| Proximity: | 5 miles |
|---|---|
| Total Population: | 17,566 |
| Median Age: | 36.12 |
| Households: | 6,138 |
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