Contact Information

Paul P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $260,000
  • Purchase Method: Cash
  • Cap Rate: 18.5%
  • Property ID: 1234270
  • Posted On: Mar 25, 2020
  • Updated On: Mar 30, 2020

Property Description

Another great opportunity brought to you by Parks Unlimited. A 15 lot community, located in Smith Station Alabama. Just minutes to Columbus Ga and Super Walmart.
This area is hot!
$260,000
863 Lee Rd Smith Station, Al 36877
Do not miss out on this one!
Just minutes to Columbus Ga.. 100 % full
15 lots 15 POH, 0 Vacant lots.
Gross collections around $89,700
One septic tank per lot. Good shape
Four water meters, billed back to the tenants for added income
Built in the 80s
9 cap value is $598,000
Estimated 40% expenses
Water and septic at every lot.
City Water
Rent ranges from $400 to $700 per month
Tenants own power, direct billed
One dumpster for trash, $119/month
Lawn care, $200/month during growing season.
For more info, click here. https://www.dropbox.com/sh/lpilpcexgkk8aiq/AACQYPSJpxKTPWrhSldXxaiCa?dl=0

For more information contact
Paul at 770-722-4239 or email me at ParksUnlimited@yahoo.com

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 15
Total Occupancy: 100.0 %
Average MH Lot Rent: $550

Financial Information (Pro Forma)

Gross Income $89,700
Operating Expense $35,880
Net Operating Income $53,820
Expense Ratio 40.0 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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