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Birmingham, AL MSA Two-Park Portfolio 860 13th St 37 Unit Mobile Home Park $1,750,000 ($47,297/Unit) Calera, AL 35040
Investment Highlights
- Both communities connected to public water, with tenants being directly billed at J&D Park, resulting in decreased operating expenses.
- Located in close proximity to several large regional employers, such as the University of Montevallo (490 employees) & Vulcan Materials Company.
- Located in the thriving suburbs of Birmingham, AL along Interstate-65.
- Estimated 30% below market lot rents, creating an opportunity for new ownership to increase annual revenues through gradual rental increases.
Executive Summary
MH Pro Group is pleased to exclusively offer the sale of both J&D and County Road Mobile Home Parks, a two-property manufactured housing community portfolio located just outside of Birmingham in Calera and Montevallo, Alabama. This portfolio is comprised of 37 total pads which includes 23 tenant-owned homes, 13 park-owned homes, and one empty pad. Water services in both parks are public, with tenants being directly billed at J&D and a master water meter at County Road. Sewer services across the portfolio are a combination of public sewer at J&D and private septic tanks (1:1) at County Road. Trash collection is publicly serviced by the city at J&D and a private curbside can service at County Road. Roads in both parks are gravel throughout with off-street parking accommodating two cars per pad. Both communities conveniently lie near Interstate-65 and are located within the fastest growing suburbs in the Greater Birmingham, Alabama Metropolitan Statistical Area.
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Property Facts
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Birmingham, AL MSA Two-Park Portfolio | 860 13th St
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