Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.2%
- Listing ID: 1476911
- Posted On: Jul 13, 2021
- Updated On: Feb 16, 2022
Description
6 acres mobile home park for sale with 15 ready to go lots plus 9 RV daily lots. 11 in Dev Lots - TOTAL 26 LOTS+9 RV Lots
11 Lots are in development and are water/sewage ready. only electrical work needs to be done through the power company. the numbers below ONLY represent what is 100% developed.
Lot Summary
Park Own 5
Lot Rentals 10
RV lots 9
In Dev Lots 11
Total Lots 35
Please email or text me at 571-314-3000 and I can add you to the google drive with all detailed information.
Location
~ 1 hour from Tuscaloosa, Alabama.
~1 hour from Meridian, Mississippi
https://www.facebook.com/CityofLinden
Linden is a city in and the county seat of Marengo County, Alabama,.
Linden is accessed by way of one U.S. Highway: US 43 which runs north-south through the city as Main Street connecting the city to Demopolis to the north and Thomasville to the south. SR 28 runs east-west through the city as Coats Avenue connecting the city to US 80 to the northwest and the towns of Thomaston and Camden to the southeast. SR 69 runs north-south through the city cosigned with US 43 before leaving US 43 at the far south end of town heading southwest towards Myrtlewood and connecting to Butler by way of SR 10.
Amenities
- Handicap Accessible
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $47,235 |
| Operating Expense: | $10,000 |
| Net Operating Income: | $36,900 |
| Expense Ratio: | 21.2 % |
Lot Information
| Singlewide Lots: | 18 |
| Doublewide Lots: | 9 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 9 |
| Average RV Lot Rent: | $17 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $556 |
