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Property Description

Sunstone is pleased to represent a value-add portfolio of 4 manufactured housing communities totaling 121 sites located in the Gulf Shores - Foley sub-market of Baldwin County, Alabama. All assets are located within close proximity offering operational efficiency and economies of scale. Current economic occupancy is 83% in a high demand market. Please reference the offering memorandum for specifics on each location.

-All 121 sites across 4 assets are within a 30 minute driving distance offering operational efficiency and economies of scale
-Gulf Shores is easily accessible by either Pensacola International Airport or Mobile Regional Airport
-All assets on municipal utilities with the exception of one well
-Potential for 10 site expansion at 36 unit asset
-55% of POH are double-wides – seller will consider financing a portion to a qualified buyer
-Baldwin County is the 11th fastest growing MSA in the country, 51% population growth since 2010
-STRONG upside potential by increasing occupancy in HIGH DEMAND market

Mobile Home Park Details

  • Price: $5,602,500
  • Property ID: 1010602
  • Posted on Nov 26, 2018
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