Contact Information

Mobile Home Park Details

  • Price: $1,580,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 641544
  • Posted On: Mar 5, 2016
  • Updated On: Sep 5, 2019

Property Description

We are motivated to SELL our MHP(Mobile Home Parks) near Birmingham AL now~

A friendly and nice trailer park, near Highway 79 in Pinson for SALE. The owner has decided to retire in California and let it go. Only available for qualified and motivated buyers with at least 50% down-payment (a bank statement or 401K account showing $800K or more liquidity) Qualified buyers have to sign an NDA (Non-Disclosure Agreement) for reviewing financial information about this park, and a LOI (Letter of Intent) will be required prior to any offer discussion.
We have finished many renovation of trailers and rent them out, also
we are cutting trees and paving road and moving decent community residents to our community in past two years..

Owner may consider carrying up to 50% of sale price for 7-10 years at a reasonable APR rate for reasonable terms and notes on the contract and title transfer.

The park has an office, a retail store, an apartment, 15 park owned trailers and 42 tenant-owned trailers for sale;
The ROI(Return on Investment) is around 10 % for 1.2M, and
150K is for the trailers, asset, notes, and inventory..
Serious buyers with 50% down payment only ,

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

Park Information

Community Type: All Age
Number of MH Lots: 62
Total Occupancy: 90.0 %
Year Built: 1970
Average MH Lot Rent: $290
Size: 21 acre(s)

Lot Information

Singlewide Lots: 56
Doublewide Lots: 3

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11

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