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Address is 4845 Avenue V Birmingham, AL 35208

Brian Trippe

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Five Points West MHP

Manufactured Home Community for Sale in Birmingham, Alabama

4845 Avenue V
Birmingham, AL 35208

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Sale Price: $1,250,000

Contact Information

Brian Trippe

Mobile Home Park for Sale

Number of MH Lots: 59
Size: 12 acre(s)
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 995311
Posted on: Oct 03, 2018
Updated on: Oct 19, 2018
Price: $1,250,000

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 Description

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.

Park Information

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 Paid By: Park

Park-Owned Homes

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

Amenities and Other

Storage: Yes