61 County Road 38 - Manufactured Housing/Mobile Housing FOR SALE


Florence, AL 35634
$662,000 USD
256-508-8495
61 County Road 38, Florence, AL for Sale
$662,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/1
null | 8.42% Cap Rate

61 County Road 38
Florence, AL 35634


HIGHLIGHTS

  • Quiet country setting
  • Good school district
  • An hour and 30 minutes to Huntsville AL, 40 minutes to Wilson lake, and 30 minutes to Florence Alabama and the University of North Alabama

OVERVIEW

Oakridge Mobile Home Park is a 9 unit park located in the Rogers School District. It is situated on 2 acres outside the city limits of Florence AL. The park has city water and electric that is individually metered. Sewer is handled by septic tanks and there is one tank per trailer. There is an asphalt private road in decent shape for access into the park. The park has 8 Park Owned Homes (POH) and 1 Tenant Owned Home (1). The trailers range in age from 1990-2018. Two trailers were recently updated and two newer trailers were recently added to the park. The park is a mixture of 3 bed/2 bath and 2 bed/2 bath units. Lot rent is currently $225 but the could be increased to $375-$475. The 3 bed/2 bath trailers rent for $850-$995 and 2 bed/2 bath units rent for $575-$800. All trailers have newer central HVAC units. Parking is off street for up to 2 cars per trailer. All unit have stove, refrigerator and microwave and laundry rooms. I am trying to sell the park to buy a larger park. Any question can be submitted to acrents@ardmore.net. I can provide financials for the park once an NDA is signed.

FOR SALE DETAILS

PRICE

$662,000 USD

PRICE/SF

$68 USD /SF

# OF UNITS

9

PRICE/UNIT

$73,556

CAP RATE

8.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakridge Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

county

APN/PARCEL ID

0406130000003007

ASK ABOUT THIS PROPERTY

Stan RossettiAnna-Claire Rossetti EnterprisesMore Info
256-508-8495

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Stan RossettiAnna-Claire Rossetti EnterprisesMore Info
256-508-8495

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