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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.