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Whispering Lake MHP

Multi Family Housing for Sale in Ozark, Alabama

Morning Mist Drive
Ozark, AL 36360

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Sale Price: $1,600,000

Contact Information

The Mhp Broker

Mobile Home Park for Sale

Development Land This is land for developing a mobile home park
Number of MH Lots: 90
Size: 135 acre(s)
Purchase Method: Cash, New Loan
Status: Active
Property ID: 977780
Posted on: Aug 10, 2018
Updated on: Aug 10, 2018
Price: $1,600,000

Property Description

The MHP Broker announces the sale of Whispering Lake MHP which is in Ozark Alabama. This is a Well located, value-add MHP with plenty of up-side in strong market. The park has 135 acres, including a 17-acre lake, and 90 lots with 61 lot rent only tenants, each paying $200-$250, with average rent being $214. There are currently 29 vacant lots, and current occupancy is roughly 68%.
Whispering Lake MHP has city water that is sub-metered and is directly billed to the tenant. This parks uses 1/1 septic. There are 0 park owned homes. The tenant owned units are in good shape with a majority of them being 1980’s and 1990's models. The privately-maintained roads are graded dirt and in excellent condition as our offering price suggests. The park is NOT in a flood zone. Located in a excellent location near all amenities close to downtown Ozark and 30 minutes from downtown Dothan.

Park Information

Number of MH Lots:90
Total Occupancy:68.0%
Average MH Lot Rent: $225
Size:135.0 acre(s)

Utility Information

Water Paid By: Tenant - Submetered