Contact Information

Mobile Home Park Details

  • Price: $1,220,000
  • Cap Rate: 13.1%
  • Property ID: 12448
  • Posted On: Jun 2, 2010
  • Updated On: Mar 1, 2019

Property Description

The price increased from $1.19M to $1.22 M due to brand new
paved road done on 03/24/2011 and 3 more trailers into the park
this year!!
We're currently looking for a buyer, who has $500K cash, and is willing to do owner finance with usfor next few years to avoid the captain gain tax issue on us.
0. This MHP locates about 12 miles north of Birmingham, Alabama near 79 state freeway, and it has two parcels:
a) around 20000 SQFT of commercial lot including a retail/office building with storage/restroom
2) around 21 acres of multi-residential land with 63 usable lots and currently 55 of them are occupied
3) A 2-bed-room apartment and a storage room
4) 4 storage buildings (near office, apartment, lot29 and lot 22)

This park was appraised at $925,000 in 2006 when it was purchased, and, the revenue and lot rent is about 25-30% increased
and the newly paved road is another plus!

Please provide your contact information and describe more about yourself from finance perscpectives

Owner finance is possible, but
please don't call if you don't have 50% of down payment

No AGENT and Serious Qualified Principle(s) ONLY

Cliff Yang (1-205-6174932-cell) (cliffjenn@gmail.com)

Location

This MHP locates about 12 miles north of Birmingham, Alabama near 79 state freeway, and it has two parcels:

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Park Information

Number of MH Lots: 58
Total Occupancy: 90.0 %
Year Built: 1967
Average MH Lot Rent: $280

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $300

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