Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $595,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 19.0%
  • Property ID: 1218483
  • Posted On: Feb 26, 2020
  • Updated On: Jul 15, 2020

Property Description

Do not miss out one this opportunity! Located just off the thoroughfare leading through Daleville right into Dothan Al. This park stays full. It even has a restaurant out front for when your hungry.
Rent range from $450 to $750

40 lots in the park with an additional 14 potential future lots with an additional 15 rentals that sit across the street. 40 paying tenants presently, 3 VPOH, 9 VL, 1 shop, 1 office 1 Restaurant.

Approx Gross collections $225,960
One deep well with new pump.
Septic tanks. Sandy soil, great for septic lines.
15 homes sit across the street where you only pay $75 lot rent to owner.
Built in 1976, and 1981
40x80 Restaurant is rented, cinder block construction.
Cinder block building for laundry mat
One large shop with concrete floor
2004 pick up
One ford tractor with box blade
Two dual heavy flat trailers
John deer, all tools and lawn equip
Rent ranges from $450 to $750 per month
9 vacant lots with water and septic hook ups
For pictures, click here. https://www.dropbox.com/sh/udc79huwymhlz7p/AADmY9NM2-dmCdAk2rAXWHz2a?dl=0

Information contained in this document has been obtained from sources believed to be reliable and accurate, It has not been verified and makes no guarantee, warranty or representation regarding it. It is the potential buyers responsibility to independently confirm the accuracy and completeness of property information. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The information contained herein should be independently determined or confirmed and evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Location

Level, with mature trees, soft sand road bed.

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Park Information

Community Type: All Age
Number of MH Lots: 48
Total Occupancy: 88.0 %
Year Built: 1981
Average MH Lot Rent: $120
Size: 0 acre(s)

Financial Information (Pro Forma)

Gross Income $214,204
Operating Expense $85,281
Net Operating Income $128,922
Expense Ratio 39.8 %
Debt Info

Lot Information

Singlewide Lots: 41

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 41
Average Rent for Park-owned Homes: $650

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