Contact Information

Sparks Parks

Sparks Parks, LLC

Mobile Home Park Details

  • Price: $300,000
  • Purchase Method: Cash, Seller Financing, Assumable Loan
  • Cap Rate: 18.0%
  • Property ID: 1454931
  • Posted On: Jun 8, 2021
  • Updated On: Jun 9, 2021

Property Description

***$250,000 CASH OFFER QUICK SALE or $300,000 with $75,000 down and owner financing. Extreme value-added. $12,000 per pad. Accepting contract offers with 3 day inspection and 21 day close. ***

Cedar Bluff mobile home park for sale in well-located area on AL-9. Nearby retail anchors, such as Walmart and Piggly Wiggly reside nearby as do multiple and established residential neighborhoods.

Park Information:

ALL utilities including electricity, water, sewer and trash are billed directly to the Tenants. No utilities are billed to the park.

23 Total Lots
15 Occupied Pads
10 Park Owned Homes - $450/Month
5 Lot Rentals - $250/Month
The 8 vacant pads have water and sewer taps.

Location

Parcel: 10-08-27-0-000-044.000
Legal Description: BEG NW COR NW/4 SE/4; S 1310';E 50';NE 120';ELY 306.72';N 1050';W 360'TO POB

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

Park Information

Number of MH Lots: 23
Total Occupancy: 100.0 %
Year Built: 1997
Average MH Lot Rent: $450
Size: 9 acre(s)

Financial Information (Actual)

Gross Income $66,000
Operating Expense $19,800
Net Operating Income $46,200
Expense Ratio 30.0 %
Debt Info

Lot Information

Singlewide Lots: 12
Doublewide Lots: 3

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $450

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