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8166 County Road 33 - Mountain View Estates Mobile Home P, Hollywood, AL

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8166 County Road 33 - Mountain View Estates Mobile Home P

Hollywood, AL 35752-5621


Property Type:Multi-Family Number of Units:106 Status:Existing Year Built:1973
Stories:- Building Size:1,400,000 SF Land Area:34 AC (1,481,040 SF)
For Sale Price:$1,200,000 Price/Unit:$11,320.75 Cap Rate:12.00 % GRM:-

Parking:-



Sale Notes:
106 Lot mobile home park. Built in 1973 with all gravel roads. County has recently started putting in all new water lines for the park. Park is individually metered for water & electric. Park has 63 septic tanks, 1 per 2 trailers. Cost $150 to pump septic tanks. Property tax is only $900 a year. Lots of room to improve financials. Lot rent only at $125 a month. Owner going to raise it to $150 a month June 2015. Possible to get it up to $200 within a few years. Need to install a sign on Hwy 72 to drive traffic to the park. Manager lives onsite at the park and has been there 4 years. Tenants mow their own yards and manager mows the common areas.
Located in a small town close to Scottsboro, Al and only 3 miles from Tennessee Valley Authority's never-completed Bellefonte Nuclear Generating Station. It is possible this Station will be completed in the future driving a huge demand for RV and MH spots for many years. 45 minutes from Huntsville, AL and 1 hour from Chattanooga, TN.

KW Commercial
Stewart Phillips
(423) 664-1900




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