Contact Information
Mobile Home Park Details
- Price: $1,700,000
- Cap Rate: 7.8%
- Property ID: 1275920
- Posted On: Jun 22, 2020
- Updated On: Jun 30, 2020
Property Description
Capstone Manufactured Housing is pleased to present Wolf Bay MHC. This manufactured housing community features 45 sites across 8+ acres in Foley, Alabama and adjacent to Gulf Shores. This offering features immediate rental upside due to current rents being substantially below what the market presently supports. Wolf Bay MHC benefits from direct billed/submetered utilities, with additional utility recapture possible. This community is positioned advantageously in the path of progress and reaps the benefits of the expanding market in Baldwin County, which was recently named the fastest growing county in Alabama.
Download Offering Materials: http://capstoneapts.listinglab.com/WolfBay/index.cfm?doLDPage=2
Location
Foley/Gulf Shores, AL
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 45 |
Total Occupancy: | 100.0 % |
Year Built: | 1994 |
Average MH Lot Rent: | $330 |
Size: | 8 acre(s) |
Utility Information
Water: | City |
Sewer: | City |