PRODUCING MH Park

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30183887
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 36 Units
Building Size (RSF): 24,840 SF
Gross Building Area: See Agent
Gross Land Area: 3.30 Acres
Sale Price: $435,000
Unit Price: $12,083.33 Per Unit
Property Use Type: Business
Building Name: Green Oaks Mobile Home Park
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 65
Last Updated: 8/10/2018

Overview / Comments

Park is back on market.
Owners addressed some needed issues that have been resolved.
1-3-4-5-11-12-13-14-16-17-18-19-20-21-22-25-34-35-36- All at $200 each month ––––$3800
2- still under construction (Ready to Rent 8/15/18)
6-$500
7-$450
8-$550
10-$300
15-$600–-
Total $2400

$6200 TOTAL GROSS MONTHLY INCOME

Lot numbers 23 and 24 are empty ready for a trailer.
Lots 26,27,28,29,30,31,32,33 and lot 9 are empty and will need to be prep (power) Water and sewer are there.
CITY WATER, MAG METER SEWER!! Sewer and water available for the 8 vacant lots. No leases (month to month) no deposits. Owners are great to work with, hands on owners. They are ready to retire..
Primo park, ready for some sweat equity.
Great location, Moffett road, close to everything.
Contact listing agent for information and Rent rolls.. Recent changes, and cleaning up the park.. Road improvements estimates are $3200 with slag all the way around.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile
Tax ID/APN: 00341473
Zoning: COUNTY/SIMMS
Property Located Between: hwy 98 moffett road
Highway Access: Hwy 98
Airports: mobile
Area Description: Commercial, resturants, retail shops
Total Number of Buildings: 27
Property Condition: Average
Number of Stories: 1
Construction/Siding: Other
Parking Description: two per site
Zoning Description: commercial
Part of Planned Development?: Yes
Lot Frontage: 380
Lot Depth: 720
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 3.3 acres parcel number 23 09 30 2 000.....

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,672 20,360 53,168
Median Age: 39.97 37.76 36.67
Households: 991 7,430 19,402

Contact

Photograph of Listing Agent

Renee Beasley

Sperry CGA-The Andrews Group Gulf Coast CMLS Member
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