Contact Information

Property Description

59 units on 12+ acres in downtown Birmingham, Ala. Park features city water and city sewer and is fully occupied. Lot rents range from $215-235/mo. Park has been consistent and stable for 2+years with tax returns available upon request to serious inquiries.

This park was built in the 50s and features mostly tenant-owned homes that were built in the 60s, 70s, and early 80s.

Location

Located in a tough part of town, but is adjacent to a brand new police station (2015). There has been no reported crimes in the park since newest owner took over in winter 2015. Property is in a flood zone, per FEMA. However, there is a 25-foot levy. Area has not flooded in nearly 100 years. FEMA will not re-draw the map per owner's request. Therefore, most lenders would require flood insurance.

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash, New Loan
  • Property ID: 995311
  • Posted on Oct 3, 2018

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 59
Total Occupancy: 98.0 %
Year Built: 1950
Average MH Lot Rent: $225
Size: 12.0 acre(s)

Lot Information

Singlewide Lots: 59

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $350

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