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.

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

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

Download Documents

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