0 County Road 415 - Manufactured Housing/Mobile Housing FOR SALE


Abbeville, AL 36310
$1,200,000 USD
334-796-4903
0 County Road 415, Abbeville, AL for Sale
$1,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13

0 County Road 415
Abbeville, AL 36310


HIGHLIGHTS

  • Location
  • Minutes to Lake Eufaula
  • 2 hours to Panama City Beach
  • Established Park well maintained

OVERVIEW

Country Club MHP, is a well-located manufactured home park in Abbeville, Alabama. This property consists of 24 total pads, including 1 rental house, 2 tenant owned homes, and 11 park owned homes. 20 Septic Tanks in place. Electricity is billed directly to tenants, water is provided by the county and sewer is serviced via septic. CC MHP is an attractive investment opportunity for buyers seeking a stable, recession-proof, income producing property with opportunity for growth. With a strong tenant base, low operating costs, and significant upside potential in adding rental units, this property offers solid returns in a growing, affordable market. The property consisting of 8 acres has infrastructure and septics in place to value-add 10 additional mobile homes. Currently 10 RV pads as well could be occupied by Mobile homes. Additional frontage on Hwy 10 are planned to be used for storage units. Rents are currently under market with waiting lists for units as they come available. The site is unique as it contains well shaded lots with large live oak and pecan trees and is very quiet compared to other affordable housing in the area. The rental units have up to date appliances, stoves, refrigerators and washer/dryers, low maintenance metal roofs and covered decks.

FOR SALE DETAILS

PRICE

$1,200,000 USD

# OF UNITS

11

PRICE/UNIT

$109,091

CAP RATE

11.61%

% LEASED

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abbeville Country Club Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1006240000012005,1006240000012009,1006240000012010

ASK ABOUT THIS PROPERTY

Dwayne BowmanWeichert Realtors, JBR Legacy GroupMore Info
334-796-4903

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Dwayne BowmanWeichert Realtors, JBR Legacy GroupMore Info
334-796-4903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.