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Sierra Mobile Home Park

Manufactured Home Community for Sale in Dothan, Alabama

Dothan, AL 36305
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Sale Price: $1,600,000

Contact Information

The Mhp Broker

Mobile Home Park for Sale

Number of MH Lots: 84
Cap Rate: 10.0%
Status: Active
Property ID: 753815
Posted on: Dec 13, 2016
Updated on: Sep 01, 2017
Price: $1,600,000

Property Description

Sierra Mobile Home Park is located just outside the southwestern city limits of Dothan, Alabama. Currently, the park has 79 park owned homes and 4 lot rentals, with nearly 90% occupancy. The park is on sub-metered city water and sewer. Tenants are billed directly by Houston County. Recently, the owners rehabbed several of the park owned homes in an effort to improve units in the park and encourage long term tenancy. In addition, Sierra Mobile Home Park is in the strongest school system in Houston County, which has been a factor in attracting long-term, stable Tenants. Sierra Mobile Home Park is an excellent investment for those looking for a medium to large community with high occupancy and strong rents. Bank financing is available for qualified investors.

Park Information

Number of MH Lots:84

Utility Information

Water Paid By: Tenant - Submetered