Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $999,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1266178
  • Posted On: Jun 4, 2020
  • Updated On: Jul 24, 2020

Property Description

Gateside Court sits right at the entrance of Fort Rucker Army base in Daleville Al. This parks stays full of military and civilian tenants.
2019 $231,271
2018 $219,862
City water
City sewer
100K gallon salt pool, new pump, fenced in
Play ground
Paved streets
Office with living accommodations
In the heart of Daleville Al
Has a mgr and maint person who live in park
20% of water lines have been replaced
One Master meter, but a meter is located at each home as well, just not read.
Laundry Room, 3 washers and 3 dryers
Month to month tenants
500 watts of pwr is included with RVs
Some Schedule 40 sewer lines
5 Street lights
8 acres
For more info: https://www.dropbox.com/sh/579ehbvw2rnuzo5/AAChbkG47duVMx1tmA_c6RnBa?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.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 88.0 %
Average MH Lot Rent: $375
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $231,273
Operating Expense $148,083
Net Operating Income $97,737
Expense Ratio 64.0 %
Debt Info

Lot Information

Singlewide Lots: 53

RV Information

Number of RV Lots: 23
Average RV Lot Rent: $375

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 30
Average Rent for Park-owned Homes: $500

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