Devine Mobile Home Park - for Sale in Summerdale, Alabama

21090 County Road 38 S
Summerdale, AL 36580
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Sale Price: $650,000
Hwy. 38 Fronage
Hwy. 38 Fronage

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