Magnolia Mobile Home Park and Land

Multi-Family for Sale
Catylist Listing ID: 30637427
Property Subtypes: Mobile Home Park
Number of Units: 14 Units
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Sale Price: $475,000
Unit Price: $33,928.57 Per Unit
Property Use Type: Investment
Building Name: Magnolia Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2020

Overview / Comments

30 Acres with 14 park owned homes. 24 homes have been surveyed and perk tested. Currently,35 there are only 5 acres that
have been developed. Therefore, there is plenty of room for expansion to include RV lots, more mobile homes and Boat
Storage. This property is located a mile from the new proposed Alfa Centennial Farm Event Center which is expected to
hold events 300 days per year.
4 of the 14 units are currently leased. Therefore, there is a wide gap for value add. Also, all units are separately metered for
water but the current owner is paying water. This can easily be passed on to the tenants

Additional Details

Nearest MSA: Birmingham-Hoover
County: Chilton
Tax ID/APN: 1003060000014000
Percent Occupied: 35%
Property Located Between: Hwy 145 and Hwy 731
Highway Access: 2 miles from I-65 at Exit 212.
Total Number of Buildings: 14
Property Condition: Fair
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,924 7,686
Median Age: 38.67 38.91
Households: 1,521 3,056

Contact

Photograph of Listing Agent

Gayle Kahn Belcher

SVN/Kahn Properties BCX Member
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