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Manufactured Home Community for Sale in Pinson, Alabama

4200 Northgate
Pinson, AL 35126

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Sale Price: $1,350,000

Mobile Home Park for Sale

Number of MH Lots: 60
Size: 21 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 641544
Posted on: Mar 05, 2016
Updated on: Sep 05, 2017
Price: $1,350,000

Property Description

The buyer could not work out the deal and changed his mind last week.
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 $600K 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. 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.

Park Information

Number of MH Lots:60
Total Occupancy:90.0%
Year Built:1970
Average MH Lot Rent: $290
Size:21.0 acre(s)

Lot Information

Singlewide Lots:56
Doublewide Lots:3

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:11

Zip codes in Pinson, AL

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