Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 995311
- Posted On: Oct 3, 2018
- Updated On: Jun 23, 2019
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.
Amenities
- Storage
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 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 |