Listing Broker: Eric Wanck
Contact Eric Wanck: +1-678-932-0200

DEKALB COUNTY, AL - Estate Drive Mobile Home Park resides in the northeastern part of Alabama in the town of Rainsville. This small, but growing town is just east of beautiful Guntersville Lake and 25 minutes outside Scottsboro. This stable, well-maintained community features 30 total pads, with 27 tenant-owned homes (TOH) on a spacious ±15.07 acres. The park is 90% occupied with 1 vacant home, and 2 vacant lots. The community does not reside in a flood zone.

This community features desirable city direct-billed water to each home. The sewer is 1:1 septic, with no issues and is maintained regularly by ownership. Tenants pay for trash, electric and are responsible for their lawn maintenance. The park has paved roads in average condition, and currently has an on-site manager overseeing daily operations and maintenance. The entire tenant base pays electronically, making for an efficient collection method -- perfect for out-of-state ownership. Additional upside exists with filling the 2 vacant lots and raising rents to market. Ownership continuously is contacted by people looking for homes to rent, and lot rates are currently at least $50/month under market, making this an easy value-add for the next operator.

The Seller has maintained good books and records and has the title to the park-owned homes. We ask investors to submit offers at, or above, $750,000 for the entire park and home inventory. Seller financing may be an option with at least 30% down. Please see broker for additional information on debt terms and options.