Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1340833
  • Posted On: Oct 15, 2020
  • Updated On: Feb 25, 2021

Property Description

For More Info:
Park #1 IF SOLD SEPERATLEY $275K. 41 lots Shady Grove MHP
101 WEST 35TH ST Anniston Al
Parcel# 1809304025010000
Taxes 996, 2019
City and septic
Paved Rds and with some gravel
No office
Some 200 amp
Not in city
675 on rents around town
Zoned mhp
Master meter 400.mnth
Trash is dumpster
Huge amount of potential in this value-add deal. This park is a blank slate waiting for an investor to come in and make it into cash producing asset. 15 vacant homes are already in place. This is the perfect opportunity for a new investor with capital to obtain a park WITHOUT inheriting any problems or issues from the previous owner. Rehab the existing homes and handpick your own tenants to craft the park exactly how you like. All the heavy lifting by evicting all the old problem tenants, removing all the worst homes, and bringing in add'l used homes ready to be rehabbed. Park has 17 old homes onsite
-2ccupied TOH (paying $200-250/mo lot rent)
-15 vacant POH
-Located in the Anniston/Oxford/Jacksonville Metro Area.
-Metro stats: 115k population, $40k median income, $109k median home price. Removed several trees throughout the property and probably a dozen homes that weren’t worth salvaging.

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