0 WG Bond Rd - Manufactured Housing/Mobile Housing FOR SALE


Dothan, AL 36305
$480,000 USD
205-870-8580
0 WG Bond Rd, Dothan, AL for Sale
$480,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | Request Cap Rate

0 WG Bond Rd
Dothan, AL 36305


HIGHLIGHTS

  • 16 total pads with 13 currently occupied, creating instant cash flow
  • One park-owned home and low-maintenance structure with tenant-owned homes
  • Below-market lot rents allow immediate revenue enhancement opportunities
  • Infrastructure supports the addition of three more units or lots
  • Located in a growing Dothan market with strong demand for affordable housing

OVERVIEW

LAH Commercial Real Estate is pleased to present this 16-pad Mobile Home Park located in the booming market of Dothan, AL. The property has one Park Owned Home and the remainder are all Tenant Owned Homes, Rent to Own, or Bond for Title, thus providing an outside investor with minimal maintenance costs, and a turnkey, cash-flowing asset. The landlord pays for water, lawn service, taxes, and insurance and tenants cover everything else. Water is included in the lot rent which is below market, thus providing another value-add opportunity. 13 of the 16 lots are occupied, with three lots vacant. Infrastructure is in place to add three more units as Park Owned Homes or rent the lots themselves as a majority of the park is outlined. Priced at an attractive CAP Rate on actual numbers; please call, text, or email Broker for more details.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

16

PRICE/UNIT

$30,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.96 AC

LAND SF

216,058 SF

ZONING

-

APN/PARCEL ID

08-06-14-0-000-022-000

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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