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Vandiver, AL Multifamily | 9.13% CAP 19 Pads 12071 County Road 43, Vandiver, AL 35176

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.3% (Actual)
  • Listing ID: 1627742
  • Posted On: Mar 22, 2022
  • Updated On: May 4, 2022

Description

This fully occupied MHP consists of 19 units total ranging from $550 to $850 for the 18 park owned mobile homes and 1 stick built house located on 10.5 acres with a scenic pond.​

All units are separately metered for water and electric, all septic tanks have riser lids for easy access, and most homes have metal roofs and are well-maintained.​ The property is 35 minutes from Birmingham, 15 minutes from Pell City, Chelsea, and Leeds, AL.​

Location

The property is 35 minutes from Birmingham, 15 minutes from Pell City, Chelsea, and Leeds, AL.​

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 1980
Size: 11 acre(s)

Financial Information (Actual)

Gross Income: $133,000
Operating Expense: $32,000
Net Operating Income: $101,000
Expense Ratio: 24.1 %

RV Information

Number of RV Lots: 0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $700

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