Hayfield Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30678976
Property Subtypes: Mobile Home Park
Number of Units: 8 Units
Building Size (RSF): 1,200 SF
Gross Building Area: 10,600 SF
Sale Price: $440,000
Unit Price: $55,000 Per Unit
Property Use Type: Investment
Building Name: Hayfield MHP
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2021

Overview / Comments

This property is located in the city of Theodore, AL, which is a 15 minute drive from the Metropolitan City of Mobile, AL. This property is a very sound value add investment located in an area where the demand for Rental Properties is extremely high, due to the proximity to Mobile.

There are 6 Single -Wide Trailers, 1 Double Wide Trailer, and a 2 Bedroom 1 Bathroom House currently occupied at the property. There are 6 additional lots already formed, with power pads in place, that a new owner could utilize immediately. The property is located on 2-3 Acres of Land that has also been undeveloped and could also be further utilized for Development Purposes.

There are 13 Septic Tanks on the property to service the mobile homes. The House on the property is connected to City Water and Sewer.

This is a sound, stabilized investment opportunity that could produce cash flow for a prospective investor right from the closing date!

If you have any other questions, contact Alex Kyriazis at 251-591-9390 or Alex@kp-cre.com

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R023309294000001.
Percent Occupied: 100%
Site Description: The property is on 2-3 acres of land. There are currently 7 Mobile Homes and 1 House on the property. There is room to add 6 additional units that have power pads in place.
Area Description: This property is located in the city of Theodore, AL, which is a 15 minute drive from the Metropolitan City of Mobile, AL.
Year Built: 2002
Year Renovated: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,390 30,070 83,815
Median Age: 34.46 37.26 38.84
Households: 2,059 11,449 31,915

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