Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $589,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.9%
  • Property ID: 1218483
  • Posted On: Feb 26, 2020
  • Updated On: Feb 25, 2021

Property Description

Back on the market!! Do not miss out one this opportunity! Located just off the thoroughfare leading through Daleville into Dothan Al. This park stays full. It even has a Mexican restaurant out front.
For More Info, click here. https://www.dropbox.com/sh/udc79huwymhlz7p/AADmY9NM2-dmCdAk2rAXWHz2a?dl=0
Population within a 25 mile radius is 559,317
Rent range from $450 to $750
Average monthly is around $19K. Tax returns are not available. We have 3 years of income.

44 lots in the park with future lots. Presently 31 POH, 1 TOH 1 VPOH, 4 Cabins, 1 VCabin, 15 VL, 2 apartments, 1 shop, 1 office 1 Store.
14 of your rentals sit in the park across the street, which you can buy for $175K
No Owner fin.

Approx gross collections $190K
One deep well with new pump. City Water is available across the street.(Getting Quotes)
Septic tanks. Sandy soil, great for septic lines.
Built in 1976, and 1981
40x80 Restaurant /Store 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
Potential future lots

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: 44
Total Occupancy: 88.0 %
Year Built: 1981
Average MH Lot Rent: $120
Size: 0 acre(s)

Financial Information (Actual)

Gross Income $190,254
Operating Expense $90,614
Net Operating Income $99,640
Expense Ratio 47.6 %
Debt Info none

Lot Information

Singlewide Lots: 44

RV Information

Number of RV Lots: 15

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 28
Average Rent for Park-owned Homes: $650

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