50 County Rd & 4651 County Rd | Jemison, AL 35085
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- LoopNet Team
50 County Rd & 4651 County Rd
Jemison, AL 35085
Rainbow Reserve & Pleasant Grove · Multifamily Property For Sale
·
53,120 SF
INVESTMENT HIGHLIGHTS
- Two mobile home parks with a total of 83 sites located in Jemison, AL, within the Birmingham-Montgomery MSA.
- Current NOI is ±$250,000 at ±80% occupancy.
- The community is connected to public water and sewer systems, with meters installed to track residents’ usage.
- Significant Value-Add Potential with opportunities to fill vacant sites and park-owned homes.
- Average lot rent is lower than that of competing parks in the area, which have an average occupancy rate of 95%.
PROPERTY FACTS
| No. Units | 83 | Building Size | 53,120 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 2008 |
| Lot Size | 9.00 AC |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 9.00 AC |
| Building Size | 53,120 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 2008 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $71,620 | |
| Land Assessment | $84,620 | Total Assessment | $156,240 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,620
Improvements Assessment
$71,620
Total Assessment
$156,240
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