Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.5%
  • Property ID: 1348187
  • Posted On: Oct 29, 2020
  • Updated On: Feb 17, 2021

Property Description

Park consist of both park owned and tenant owed homes and rv's.
Park situated on multiple parcels totaling
approx 10 acres.

For Information Contact Mark Davis 251-210-2913
loweralreservices@gmail.com

offering our assignable purchase contract for sale
Offered by licensed RE agents working for their own account

Location

In a bedroom community in North West Mobile
county Alabama, 14 miles from downtown Mobile.
Traffic count over 20,000 cars daily on Moffett Rd.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 41
Total Occupancy: 66.0 %
Average MH Lot Rent: $395
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income $146,760
Operating Expense $44,100
Net Operating Income $102,660
Expense Ratio 30.0 %
Debt Info

Lot Information

Singlewide Lots: 41

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8

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