Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1123579
  • Posted On: Aug 21, 2019
  • Updated On: Feb 3, 2020

Property Description

Excellent income-producing opportunity for investor or self-employed individual. The park sits on 7+ acres in a quickly developing area south of Andalusia, AL. Currently the park includes 12 single-wide mobile homes, 1 double-wide mobile home, one newly renovated house, and additional acreage to add more homes. Serious inquiries only.

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 2007
Average MH Lot Rent: $400
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $56,282
Operating Expense $10,333
Net Operating Income $40,456
Expense Ratio 18.4 %
Debt Info

Lot Information

Singlewide Lots: 12
Doublewide Lots: 1
Park Model Lots: 19

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $400

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