Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.0%
- Listing ID: 4107028
- Posted On: Dec 1, 2023
- Updated On: Dec 28, 2023
Description
This RV/MH community has plenty of upside. Located in the triangle between Georgia, Dothan Al and the Florida state line. This community draws in workers from all over the south.
As of today, gross income is about $87,200 with minimum expenses. Build out the remaining sites with 4 to 1 septic's along with 50 amp power banks and this investment will be one that you will want to keep.
Just minutes to Dothan Alabama and only 1.5 hours to Panama City Beach Fla.
Listed now for only $490,000
Click Here For Park Folderhttps://www.dropbox.com/scl/fo/7rzufqs0tc67ycug68xqp/h?rlkey=1j37epsryo6jk90l2235iqlyj&dl=0
19 lots, 16 homes on them in the park presently with room for 21 more.
Dothan Al has a strong population within a 25 mile radius of around 127,503.
https://www.freemaptools.com/find-population.htm
Dothan Al is the eighth largest city in Alabama with an abundance of businesses and restaurants for your tenants.
Every listing on FB or Craigslist brings in enough prospects to be very selective. No shortage of tenants.
Email at ParksUnlimited@yahoo.com
Paul Pickard
770-722-4239
Location
Located right on a 4 lane hwy with about 500 ft of road frontage located between the Ga/Al state line and Dothan AL
Amenities
- Laundromat
Park Information
| Number of MH Lots: | 40 |
| Total Occupancy: | 91.0 % |
| Year Built: | 2019 |
| Average MH Lot Rent: | $400 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $87,000 |
| Operating Expense: | $21,750 |
| Net Operating Income: | $65,250 |
| Expense Ratio: | 25.0 % |
Lot Information
| Singlewide Lots: | 40 |
RV Information
| Number of RV Lots: | 40 |
| Average RV Lot Rent: | $600 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $800 |
