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501 Alex Circle - Sierra Mobile Home Park, Dothan, AL

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501 Alex Circle - Sierra Mobile Home Park

Dothan, AL 36305-7153

Property Type:Multi-Family Number of Units:84 Status:Existing Year Built:-
Stories:- Building Size:- Land Area:13.38 AC (582,632 SF)
For Sale Price:$1,600,000 Price/Unit:$19,047.62 Cap Rate:9.82 % GRM:-


Sale Notes:
Lee & Associates is pleased to present the sale of Sierra Mobile Home Park. The park is located just outside the southwestern city limits of Dothan, AL. Currently, the park has 53 park owned homes and 31 lot rentals, with nearly 90% occupancy. The park is on sub-metered city water and sewer, and Tenants are billed directly by Houston County. Recently, the owners rehabbed several of the park owned homes in an effort to improve units in the park and encourage long term tenancy. In addition, Sierra Mobile Home Park is in the strongest school system in Houston County, which has been a factor in attracting long term, stable Tenants. Sierra Mobile Home Park is an excellent investment for those looking for a medium to large community with high occupancy and strong rents. Bank financing is available for qualified investors.
- Close proximity to Dothan, AL
- Sub-metered City Water and Sewer
- Mix of Park Owned Homes and Lot Rental
- Paved Roads Throughout
- Best School System in Houston County
- Small Storage Sheds Available for Rental

Lee & Associates Commercial Real Estate Services
Maxwell Baker
(404) 442-2810

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