7.5 acre Mobile Home/RV park (Baldwin county)

Multi-Family for Sale
Catylist Listing ID: 30343779
Property Subtypes: Mobile Home Park
Number of Units: 21 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 7.50 Acres
Sale Price: $763,000
Unit Price: $36,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.0%
Average Occupancy Rate: 80
Vacation Rental Income: Yes
Last Updated: 12/27/2018

Overview / Comments

Hands on owner, old school.. Lots of room to grow.. 7.5 Acres on a beautiful lot with shade trees, improved roads, 2 paved roads coming into park with paved road frontage on St hwy 98. Currently 13 Rentals. This includes 3 homes, one home used for supplies. All MH's and 2- RV's are park owned. LOT rent is $300. 3 more MH lots available/ ready and 10 more +++ RV sites. Approximately another 2 acres to develop, with a pond on the south West corner. 2 metered water pumps. Rebuilt septic systems. City water.
There is a 3.3 acre home and 2 MH's next door, that could also be purchased. Lets make a deal. No deferred maintenance but plenty of room to grow!! Baldwin county.. Call agent today. Lets make a deal.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-53-08-27-0-000-005.000
Zoning: ZONED
Percent Occupied: 80%
Property Located Between: Elberta al and Foley Al
Highway Access: State Hwy 98
Property Condition: Good
Legal Description: 7.5 acres parcel# 53-08-27-0-000-005.000 PPIN# 035948

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,606 5,424
Median Age: 42.22 44.08
Households: 1,814 2,199

Contact

Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
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