This Multifamily Property is no longer advertised on LoopNet.com.

4915 US Highway 80
Selma, AL 36701
 Hidden Acres Mobile Home Park · Multifamily Property For Sale · 1,000 SF

Mobile Home & RV Parks Alabama Selma 4915 US Highway 80, Selma, AL 36701

Investment Highlights

  • Maximize Profit through POH Sales: Generate capital and reduce future expenses/reserves by divesting the 50 existing Park Owned Homes
  • Quick Occupancy Win: Quickly increase occupancy from 14% to 32% by focusing on leasing the 39 currently vacant park-owned homes.
  • Utilizing a home rental model (instead of just lot rental) is a viable option to shorten the time required for lease-up & potentially enhance returns.
  • Market-Rate Rental Upside: There is an opportunity to significantly increase the current average rental rates to align with prevailing market rents
  • As revenue grows from the infilling process, the expense ratio is projected to improve substantially, leading to significant increase in yield on cost
  • Located within 45 miles of Montgomery, a major employment hub with a population over 700,000.

Property Facts

No. Units 200 Lot Size 55.93 AC
Property Type Multifamily Building Size 1,000 SF
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
 Average Occupancy 14%
Apartment Style Low-Rise No. Stories 1
Building Class C Year Built 1994
Zoning C - Commercial
No. Units 200
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 55.93 AC
Building Size 1,000 SF
Average Occupancy 14%
No. Stories 1
Year Built 1994
Zoning C - Commercial

Property Taxes

Parcel Numbers
Multiple
  • 15-05-21-1-000-001.0000
  • 15-05-21-1-000-001.0004
 Improvements Assessment $11,220
Land Assessment $19,280 Total Assessment $30,500

Property Taxes

Parcel Numbers
Multiple
  • 15-05-21-1-000-001.0000
  • 15-05-21-1-000-001.0004
Land Assessment
$19,280
Improvements Assessment
$11,220
Total Assessment
$30,500
 

  • Listing ID: 35059515

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 4915 US Highway 80, Selma, AL 36701

More public record information on 4915 US Highway 80, Selma, AL 36701

The Multifamily Property at 4915 US Highway 80, Selma, AL 36701 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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