Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 1080854
  • Posted On: May 13, 2019
  • Updated On: Aug 12, 2019

Property Description

93 lots and is on city sewer and city water and individually metered. Has approximately 29 acres. Has a large soccer field, newer tornado shelter, and room to expand and have more lots. $250 lot rent.

Owner also has 3 other parks for sale that must be sold together. Total package price is 3.8 million. Elk Valley MHP located at 8 Breezy Lane Fayetteville, Tn. 37334. It has 78 lots and is on city water but not separately metered and it has septic tanks. Has a commercial lot at the front of the property that could be expanded on or leased to a business. #3. is Cokers MHP located at 111 Hancock Rd. East. Scottsboro, Al. It has 26 lots plus a site built home. It is on city water and city sewer but is not individually metered. Park owns most of the homes here. #4 is Caddo MHP located at 3187 County Rd. 316 Trinity Al. 35673. It has 18 lots and is all tenant owned homes except for 1. 2 vacant lots. Lot rent is $275. On septic tanks. Water is metered by the park and billed back to tenants.
**Agent willing to put in $100,000 for a silent ownership interest

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Park Information

Community Type: All Age
Number of MH Lots: 93
Total Occupancy: 75.0 %
Year Built: 1980
Average MH Lot Rent: $250
Size: 29 acre(s)

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $250

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 25
Average Rent for Park-owned Homes: $400

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