Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 0.9%
  • Listing ID: 1612905
  • Posted On: Feb 26, 2022
  • Updated On: Jul 24, 2023


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Built around 2009, the property contains 12.53 acres total with, approximately 10 acres developed to include 20 mobile home sites. Based on environmental septic tank rule of thumb, you could get about thirty six 15,000 sq ft lots out of the 12.53 acres.

There is also approximately 2.5 acres of wooded land at the front entrance of the park that would need clearing for additional mobile home hookups and additional income.

Rents are low, should be about $800 for 3 bedroom and $650 for 2 bedroom homes. Lot rent is 1990 lot rent, should be $395.

All 20 sites are on septic tanks, the left side of the roadway is served by Geneva city water, the right side of the roadway is on well water. There is no gas to the mobile homes, and electricity is
serviced to each mobile home, separately metered by Alabama Power.

The site is not within a flood zone - topography is level throughout.

Each mobile home site has an individual address number on
Capshaw Road and there is a single entrance from Ivywood Drive.

The roadway is dirt paved and has been recently worked on.

There are (20) mobile home sites, (13) POH and (7) TOH


4 mins to Walmart.
1.5 hours to Panama City Fla. 55 mins to Dothan Alabama.

Name/Location: Magnolia Court Mobile Home Park – Capshaw Road in Geneva County, Alabama

Land Area: 12.53 Acres

Improvements: 20-Lot Mobile Home Park – potential for approximately five additional lots with land

Zoning: No zoning and no known restrictions (not inside Geneva city limits)

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 90.0 %
Average MH Lot Rent: $550
Size: 13 acre(s)

Financial Information (Actual)

Gross Income $84,193
Operating Expense $27,175
Net Operating Income $57,019
Expense Ratio 32.3 %
Debt Info Approx $305,000, payment $2,600

Lot Information

Singlewide Lots: 20

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $550

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