Contact Information

Mobile Home Park Details

  • Price: $641,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2% (Actual)
  • Listing ID: 6989289
  • Posted On: Nov 13, 2025
  • Updated On: Nov 28, 2025

Description

Oakridge Mobile Home Park is a 9 unit park located in the Rogers School District. It is situated on 2 acres outside the city limits of Florence AL. The park has city water and electric that is individually metered. Sewer is handled by septic tanks and there is one tank per trailer. There is an asphalt private road in decent shape for access into the park. The park has 8 Park Owned Homes (POH) and 1 Tenant Owned Home (1). The trailers range in age from 1990-2018. Two trailers were recently updated and two newer trailers were recently added to the park. The park is a mixture of 3 bed/2 bath and 2 bed/2 bath units. Lot rent is currently $225 and will be $300/mnth beginning 1/1/2025 but they could be increased to $375-$475. The 3 bed/2 bath trailers rent for $850-$995 and 2 bed/2 bath units rent for $575-$800. All trailers have newer central HVAC units. Parking is off street for up to 2 cars per trailer. All unit have stove, refrigerator and microwave and laundry rooms. I am trying to sell the park to buy a larger park. Any question can be submitted to acrents@ardmore.net.

Location

Quiet country setting
An hour and 30 minutes to Huntsville AL, 40 minutes to Wilson lake, and 30 minutes to Florence Alabama and the University of North Alabama.
Good school district.

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 2007
Average MH Lot Rent: $300
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $72,257
Operating Expense: $19,720
Net Operating Income: $52,536
Expense Ratio: 27.3 %
Debt Info: N/A

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $833

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