Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1329387
  • Posted On: Sep 24, 2020
  • Updated On: Feb 25, 2021

Property Description

This is an awesome opportunity for someone to get their feet wet in this industry. A very controllable park with lots of upside. Add 8 new homes, only paying the setup cost.
Tenants have Leases, most are month to month
City Water is at all lot including vacant ones.
Vacant lots just need a meter.
Vacant lots need power pedestals and septic.
Park in mostly level with no trees, just grass.
Very clean.
Three homes were recently brought in and are blocked and leveled. They just need light renovations.
200 amp power on all homes.
30 Minutes from Super Walmart
17 minutes from Dothan Al.
25 miles radius around the Dothan, Cottonwood Al area is 110,000.
Several large parks in Dothan are using $395 lots rents.
Huge demand for new homes.
Parks is surrounded by neighborhoods.
8 vacant lots. 8 POH, 3 VPOH(just brought into the park)
8 Septic permits available and paid.

Location

Level, no trees

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 63.0 %
Size: 6 acre(s)

Financial Information (Actual)

Gross Income $7,375
Debt Info

Lot Information

Singlewide Lots: 16

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $475

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