Mobile Home Park Details
- Cap Rate: 11.4%
- Listing ID: 2658140
- Posted On: Apr 27, 2023
- Updated On: Sep 7, 2023
Description
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
Location
Please check out this video on Dothan Growth:
https://youtu.be/4eT0y4EMsG0
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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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