Historical Multifamily Sale Listing - Helen's Mobile Home & RV Park

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Helen's Mobile Home & RV Park

10340 South Juniper Street, Foley, AL 36535

N/A

56 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
56
Property Type:
Multifamily
Property Sub-type:
Mobile Home/RV Community
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
9.20%
Year Built:
1988
Lot Size:
9.50 AC
APN / Parcel ID:
082803
Listing ID
17917816
Last Updated
over 1 year ago

Highlights

  • 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.

Description

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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