Fox Branch MOBILE HOME park. (mom & pop)

Multi-Family for Sale
Catylist Listing ID: 30355932
Property Subtypes: Mobile Home Park
Number of Units: 8 Units
Building Size (RSF): 8,100 SF
Gross Building Area: See Agent
Gross Land Area: 5 Acres
Sale Price: $289,900
Unit Price: $36,237.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/9/2018

Overview / Comments

This small MOM & POP MH park is in a great location, situated on 4.9 acres. Approximately less than half of the property is currently being used to support the 8 Single family residences all park owned. 5 septic tanks. Two of the residences are not producing income at this time. Around 11% cap rate. The last MH will need rehabbing. Please contact agent for details. Currently the park is producing $34,140.00 Rent rolls per year. Costs are at a minimum. Potential Rent rolls for Park in current status is $47,940.00. Nice, quiet location, paved road. Leases in place. All tenants have been in place for years. This is a great opportunity to build your bigger park. It has plenty of great property to add more units. This is a headache free Park, currently zoned RMH. Contact Renee Schedule all showings.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Loxley Al Baldwin county
Tax ID/APN: 115550
Zoning: RMH
Percent Occupied: 90%
Property Located Between: Mobile Al and Pensacola Fl
Highway Access: Interstate 10, hwy 59 Loxley Al. and the Baldwin Beach Expressway
Airports: Mobile Airport and Pensacola Airport
Area Description: Private Multi-family parcels are in the area. Farm, hunting
Total Number of Buildings: 9
Property Condition: Good
Lot Frontage: 129
Lot Depth: 1290
Sewer Type: Septic
Land Ownership: owned
Legal Description: 165' (s) x 1290(S) the s 1/2 of lot 2 fox springs acres more particurlarly desc as the s 1/2 of NW1/4 of S W1/4 sec 30-T4S-R4E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,361 3,665 6,791
Median Age: 40.46 38.05 36.8
Households: 492 1,312 2,526


Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
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