Devine Mobile Home Park - for Sale in Summerdale, Alabama
21090 County Road 38 S
Summerdale, AL 36580
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Seller Information
Joe Thames
Mobile Home Park for Sale |
|
| Number of MH Lots: | 76 |
| Size: | 30 acre(s) |
| Cap Rate: | 0.0% |
| Purchase Method: | Cash, Seller Financing, New Loan |
| Status: | Active |
| Property ID: | 104868 |
| Posted on: | Aug 31, 2011 |
| Updated on: | Aug 31, 2011 |
| Price: | $650,000 |
Property Description
30 acres of land, beautifully shaded by approximately 900 mature pecan trees; Very low density, thus very desirable 76 Mobile Home Lots each with seperate electrical service, seperate septic tanks, seperate park owned water meters supplying municiple water; Approx 1,000 sf office/storage bldg.. Gravel Streets.
The Park also has approx. 12 RV sites.
There are currently 6 occupied lots producing lot rents of $1,170 per mont or $195 per mt. avg.. Owner has not promoted or attempted to populate the park. In previous times former owner enjoyed 100% occupancy. Available rental rates for apartment/condo/home rental in Baldwin County are very high. This is a great opportunity to create substantial income through rental of park owned homes and straight lot rental.
Location Description
The Property is located at the S/E guardrant of Baldwin County Hwys 83 & 38. Highway 83 is the path of the Foley Beach Express that routes traffic from I-10 to the beach communities of Gulf Shores, Perdido Key, Orange Beach, Ft. Morgan, Foley - all about about 15 miles south of the site. Baldwin County Alabama is a fast growing, very desirable location with excellent schools, great retail and superior tourist and seasonal traffic due to the gulf beaches. Additionally Baldwin County serves as a bedroom community to Mobile, AL and Pensacola, Fl, due to its proximity to both and its relaxed quality of life.
Park Information
| Number of MH Lots: | 76 |
| Year Built: | 1990 |
| Average MH Lot Rent: | $195 |
| Size: | 30.0 acre(s) |
Financial Information
| Gross Income | $0 |
| Operating Expense | $0 |
| Debt Info |
Lot Information
| Doublewide Lots: | 76 |
RV Information
| Number of RV Lots: | 12 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
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