TALLADEGA COUNTY, AL - The MHP Broker is pleased to present this Talladega County, AL, 2-park portfolio featuring 30 pads on 10 acres total. The County is home to many family-friendly attractions, a natural forest, the iconic Talladega 500, and a 3,200-acre golf resort. These two stabilized communities have a combined occupancy rate of 87% and neither reside in a flood zone.

Center Hill Mobile Home Park (MHP) has 21 pads and currently has 3 vacant lot that are ready for homes. A majority of tenants are paying $175/month lot rents, whereas new lessees are paying $200/month. The park is on city water (master metered) and on septic, and some lots have 2:1 tanks and others 1:1. The mobile home inventory varies from late 1970's to mid 1990's.

Old Sylacauga Hwy MHP features 9 lots and 4 self-storage units, which help increase annual revenue. There are 2 of the storage units that are currently being rented, but upside exists in renting out the others. The park has city water and sewer (master metered), and the tenants pay for trash. The roads are gravel and in good overall condition.  Current lot rents are at $175/month, which is well below current market comps (which are in the $225-$250 range). All of the park-owned homes are 2006 park models and in great condition.

Both parks are currently managed by the owner, but on-site options may exist for the Buyer. This community is calling all investors looking for a stabilized opportunity with easy upside in raising rents and filling the three vacant pads. The Seller prefers to be cashed out, and lender sources are available upon request. We are asking investors to submit offers at, or above, $698,000. Please inquire for additional information. Site visits are not permissible without the Broker's knowledge.