Contact Information
P
Parks Unlimited LLC
Mobile Home Park Details
- Price: $825,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Property ID: 1676715
- Posted On: May 25, 2022
- Updated On: Jun 2, 2022
Property Description
There are 24 Lots with
22 Homes, 5 of which are new 1 & 2 bedroom cabins, valuing around $60,000 each.
Will Not Last Long! $825,000
Click Here For Park Drop Box Folder
https://www.dropbox.com/sh/rofu67vuexgegki/AAAQEJ4lmzyduEt5l4miRV15a?dl=0
The park is under renovation, so financials are floating. There are 8 vacant homes only because the homes are being upgraded. It will take no time to fill once completed.
Upside is two vacant lots with low rents on existing POH and 4 TOH homes.
The park is 3 miles outside of Dothan AL.
Dothan Al has a strong population within a 25 mile radius of around 110,618.
https://www.freemaptools.com/find-population.htm
Dothan Al is the eighth largest city in Alabama with an abundance of businesses and restaurants for your tenants.
All lots are individually metered with city water, power and a maintained septic system.
Every listing on FB or Craigslist brings in enough prospects to be very selective. No shortage of tenants.
Call now or email at ParksUnlimited@yahoo.com
770-722-4239
Location
Just 1.5 hours from Panama City Fla. Three miles outside of Dothan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 64.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 13 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $76,780 |
| Operating Expense | $15,356 |
| Net Operating Income | $61,424 |
| Expense Ratio | 20.0 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 24 |
RV Information
| Number of RV Lots: | 1 |
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: | $550 |
