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0 WG Bond Rd 16 Unit Mobile Home Park $480,000 ($30,000/Unit) Dothan, AL 36305
Investment Highlights
- 16 total pads with 13 currently occupied, creating instant cash flow
- Below-market lot rents allow immediate revenue enhancement opportunities
- Located in a growing Dothan market with strong demand for affordable housing
- One park-owned home and low-maintenance structure with tenant-owned homes
- Infrastructure supports the addition of three more units or lots
Executive Summary
LAH Commercial Real Estate is pleased to present this 16-pad Mobile Home Park located in the booming market of Dothan, AL.
The property has one Park Owned Home and the remainder are all Tenant Owned Homes, Rent to Own, or Bond for Title, thus providing an outside investor with minimal maintenance costs, and a turnkey, cash-flowing asset. The landlord pays for water, lawn service, taxes, and insurance and tenants cover everything else. Water is included in the lot rent which is below market, thus providing another value-add opportunity. 13 of the 16 lots are occupied, with three lots vacant. Infrastructure is in place to add three more units as Park Owned Homes or rent the lots themselves as a majority of the park is outlined. Priced at an attractive CAP Rate on actual numbers; please call, text, or email Broker for more details.
The property has one Park Owned Home and the remainder are all Tenant Owned Homes, Rent to Own, or Bond for Title, thus providing an outside investor with minimal maintenance costs, and a turnkey, cash-flowing asset. The landlord pays for water, lawn service, taxes, and insurance and tenants cover everything else. Water is included in the lot rent which is below market, thus providing another value-add opportunity. 13 of the 16 lots are occupied, with three lots vacant. Infrastructure is in place to add three more units as Park Owned Homes or rent the lots themselves as a majority of the park is outlined. Priced at an attractive CAP Rate on actual numbers; please call, text, or email Broker for more details.
Property Facts
| Price | $480,000 | Apartment Style | Garden |
| Price Per Unit | $30,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.96 AC |
| No. Units | 16 | Building Size | 1,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built/Renovated | 1980/2017 |
| Price | $480,000 |
| Price Per Unit | $30,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 1,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2017 |
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 08-06-14-0-000-022-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $15,760 |
Property Taxes
Parcel Number
08-06-14-0-000-022-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,760
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0 WG Bond Rd