Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Listing ID: 18974
  • Posted On: Jan 4, 2011
  • Updated On: Jan 4, 2011

Description

2 acres, 18 spaces mobile home park developed in 1983. Lots are 90' x 50' plus right of ways on public roads on 8 lots. City services paid by tenants: Electricity, water and sewer and garbage. 3 park owned homes, one of which is half thru RTO term with payments of $165 per month with 30 months remaining. Monthly lot rent is $90 with an increase to minimum market of $100 due soon. The owner is one home owner, and there are 11 others including the one RTO'd unit. 4 spaces are vacant and ready for infill homes of any age. Google has the community name Dundee, Hartford, Alabama. Google pics were made before owner developed final lot on corner of the public roads. There are no restrictions on age of homes. The two park homes not under contract or rented are empty at this time and in good condition for asis RTO's with an elevated lot rent rate.

Location

Hartford, Alabama and Geneva County is described well on google sites detailing local area. Small town in a small county, that shops and works mostly in the Dothan/Enterprise/Fort Rucker metro area. Seven miles north of Florida, 40 miles west of Georgia, in southeast Alabama. 70 miles from Gulf of Mexico. There is only one other trailer park licensed in Hartford, and it has five spaces.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 66.0 %
Year Built: 1983
Average MH Lot Rent: $90
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $14,000
Operating Expense: $1,500
Net Operating Income: $12,500
Expense Ratio: 10.7 %
Debt Info: Bank mortgage local banker.

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $165