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Mobile Home Park Details

  • Cap Rate: 10.0%
  • Listing ID: 2089316
  • Posted On: Feb 27, 2023
  • Updated On: Mar 28, 2024

Description

Davies MHP Portfolio features 7 parks across East Alabama and West Georgia, with a total of 137 units.

These properties offer a new owner the opportunity to purchase 137 lots within the same geographical area. Currently there are 73 occupied homes with a remaining 64 sites to be filled & rehabbed. Given the proximity to Columbus, GA and the surrounding metros, there is a good demand for affordable housing in the area.
The communities is advantageously positioned along US-280E & GA-26E, all within an hours drive from Columbus, Georgia. Surveys and appraisal available with signing of CA document. Owner financing is available! CA is needed to be signed in order to view documents and owner financing terms.

Phenix City #1 - 2586 Lee Road 208, Phenix City, AL
Total Rental Units: 9
Park Owned Occupied Homes: 3
Park Owned Rehabilitatable Homes: 1
Tenant Owned Homes: 1
Duplexes: 4
1.92 Acres
City Water (included in monthly rent)
Septic Tank

Phenix City #2- 863 Lee Road 234, Phenix City, AL
Total Rental Units: 15
Park Owned Occupied Homes: 15
4.90 Acres
City Water (included in monthly rent)
Septic Tank
Onsite Manager

Grace Street PC - 10& 12 Grace Road, Phenix City, AL
Total Rental Units: 4
Park Owned Homes: 2
Park Owned Rehabilitatable Homes: 2
0.81 Acres
City Water
Septic Tank
All utilities are directly billed to residents.

Cusseta MH Estates - 457 Broad Street, Cusseta, GA
Total Rental Units: +/- 80
Park Owned Homes: 15
Park Owned Rehabilitatable Homes: 17
Tenant Owned Homes: 6
Vacant Pads: 42
17.8 Acres
City Water - Submetered
Septic Tank
Pad count for Cusseta MH Estates is estimated due to overgrowth and may be more or less.

Buena Vista MHP - 138 East Bridges Street, Buena Vista, GA
Total Rental Units: 9
Park Owned Homes: 6
Tenant Owned Homes: 3
Vacant Pads: 1
3.5 Acres
City Water
City Sewer

Ellaville #1 - 120 Pine Circle, Ellaville, GA
Total Rental Units: 11
Park Owned Homes: 8
Tenant Owned Homes: 2
Vacant Pads: 1
3.1 Acres
City Water
City Sewer
573 & 547 Ebenezer Rd is included with 120 Pine Circle.

Ellaville #2 - 355 Pine Drive, Ellaville, GA
Total Rental Units: 5
Park Owned Homes: 3
0.72 Acres
City Water
City Sewer

Location

 The communities is advantageously positioned along US-280E & GA-26E, all within an hours drive from Columbus, Georgia. 

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

Park Information

Community Type: All Age
Number of MH Lots: 137
Total Occupancy: 67.0 %
Size: 33 acre(s)