Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Property ID: 19359
  • Posted on Jan 27, 2011

Property Description

1 trailer was moved-in in 2011, 2 trailers were moved-in
in 2012
The MHP is for $505000.00
New Water System Installed last year; New
Sewer System Installed in 2008; Great Potential!!
Please don't send a request if you don't qualify for
the followings requirements:
1) you are a buyer with $200,000.00 of liquidity (this is required)
2) you live local near Birmingham (this is preferred/recommended)
3) you have trailer or trailer park experience (this is recommended)

The mobile home park has
64 pads and 21 trailers with brand new water system and sewer system installed recently
with very high income potential,
Currently only 8 acres are in use, and 7 flat acres can be used and developed later with
great business possibilities.
Owner finance is possible, but
Please don't call if you don't have 50% of down payment and
please provide us your contact info. for evaluation..

No AGENT and Serious Qualified Principle(s) ONLY

Location

10 miles South of Birmingham
2 miles East of Bessemer

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 60
Total Occupancy: 36.0 %
Year Built: 1970
Average MH Lot Rent: $210
Size: 21.0 acre(s)

Financial Information (Actual)

Gross Income $7,000
Operating Expense $3,400
Net Operating Income $3,600
Expense Ratio 48.6 %
Debt Info

Lot Information

Singlewide Lots: 50
Doublewide Lots: 16
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 10
Average RV Lot Rent: $200

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $500

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