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.

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Foley/Gulf Shores, AL

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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

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