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Helen's Mobile Home & RV Park
10340 South Juniper Street, Foley, AL 36535
56 Spaces | Multifamily
Multifamily Property - Off Market
- No. Spaces:
- Property Type:
- Property Sub-type:
- Mobile Home/ RV Community
- Property Use Type:
- Commission Split:
- Cap Rate:
- Year Built:
- Lot Size:
- 9.50 AC
- APN / Parcel ID:
- Listing ID
- Last Updated
- 182 days ago
- Mobile Home & RV Park has been in business since 1988.
- 100% Occupancy.
- Private well and septic system.
- Located across the street from Tanger Outlets.
- Convenient to Hwy 59 / S McKenzie St & Hwy 20 / Miflin Road Intersection.
- On-site property manager & maintenance person.
Solid investment property. Current gross income is approximately $133,200. Effective 2013, gross income increases to $156,000, which brings to 9.3% +/- cap rate. Community opened in 1998. Several residents have been there for over 10 years. 38 mobile home sites. 18 RV sites. Well water and septic.
Property is located across the street from Tanger Outlet Center. Centrally located in Baldwin County, convenient to the beach, easy access to Eastern Shore. Net income approx. $91,600 annually. Priced at approx. 9.2% cap rate. Includes 1 single wide w/ attached office. Property manager on-site.
From S McKenzie / Hwy 59, turn east on Miflin Rd / CR 20 and travel approx. 1/2 mile, turn north on S Juniper St and travel approx. 1/3 mile. Property is on east (right side) of road.
Map of 10340 South Juniper Street, Foley, AL 36535 (Baldwin County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P