860 13th St - Multi-Family FOR SALE


Calera, AL 35040
$1,750,000 USD
864-414-8347
860 13th St, Calera, AL for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/7

860 13th St
Calera, AL 35040


HIGHLIGHTS

  • Both communities connected to public water, with tenants being directly billed at J&D Park, resulting in decreased operating expenses.
  • Located in the thriving suburbs of Birmingham, AL along Interstate-65.
  • Located in close proximity to several large regional employers, such as the University of Montevallo (490 employees) & Vulcan Materials Company.
  • Estimated 30% below market lot rents, creating an opportunity for new ownership to increase annual revenues through gradual rental increases.

OVERVIEW

MH Pro Group is pleased to exclusively offer the sale of both J&D and County Road Mobile Home Parks, a two-property manufactured housing community portfolio located just outside of Birmingham in Calera and Montevallo, Alabama. This portfolio is comprised of 37 total pads which includes 23 tenant-owned homes, 13 park-owned homes, and one empty pad. Water services in both parks are public, with tenants being directly billed at J&D and a master water meter at County Road. Sewer services across the portfolio are a combination of public sewer at J&D and private septic tanks (1:1) at County Road. Trash collection is publicly serviced by the city at J&D and a private curbside can service at County Road. Roads in both parks are gravel throughout with off-street parking accommodating two cars per pad. Both communities conveniently lie near Interstate-65 and are located within the fastest growing suburbs in the Greater Birmingham, Alabama Metropolitan Statistical Area.

FOR SALE DETAILS

PRICE

$1,750,000 USD

# OF UNITS

37

PRICE/UNIT

$47,297

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Birmingham, AL MSA Two-Park Portfolio

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.7 AC

LAND SF

683,892 SF

ZONING

-

APN/PARCEL ID

0407350000007000,28-5-21-2-001-035-000,28-5-21-2-001-035-002

ASK ABOUT THIS PROPERTY

Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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