Mobile Home Park Details

  • Cap Rate: 11.4%
  • Listing ID: 2658140
  • Posted On: Apr 27, 2023
  • Updated On: Sep 7, 2023


34 Total Rentable Units: 6 SFRs / 1 Duplex / 21 Mobile Homes ( Park Owned) / 5 Vacant lots

City Water

City Sewer

Value Add Plays:

Rehab & Occupy vacant lots

Park is very close to 15k month rent roll by occupying 4 of the easier units that need light rehab

Infill Homes to 5 Vacant Lots

Bring Units up to market rents

Most occupied units rehabbed over the last 12 months

All single-family homes occupied

Vacant Mobile Homes need repair

Dothan is a growing city with strong rental demand

Portfolio sees a large number of inquiries when units put available. for rent

Organization is the owner


Please check out this video on Dothan Growth:

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Park Information

Year Built: 1970

Financial Information (Actual)

Gross Income: $245,100
Operating Expense: $39,806
Net Operating Income: $102,694
Expense Ratio: 16.2 %

Utility Information

Water: City
Sewer: City

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