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71 Lot Space Rent Park

Manufactured Home Community for Sale in Alexander City, Alabama

Alexander City, AL
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Mobile Home Park for Sale

Number of MH Lots: 71
Size: 9.2 acre(s)
Purchase Method: Cash
Status: Sold
Property ID: 917005
Posted on: Apr 07, 2018
Updated on: Oct 15, 2018

Property Description

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71 lots on city water and sewer minutes from a 44,000 acre popular fishing lake.Tenants pay their own water and power. ALL tenant owned, no rentals. Long term residents. Increase the value of this park near $2.7M, just by adding 26 Legacy Tiny 1b/1bath homes.. Let us show you how !

Park Information

Number of MH Lots:71
Total Occupancy:63.0%
Average MH Lot Rent: $120
Size:9.2 acre(s)

Financial Information (Pro Forma)

Gross Income$54,120
Operating Expense$4,755
Net Operating Income$46,659
Expense Ratio 8.8%
Debt Info

Lot Information

Singlewide Lots:71

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:0