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15% CAP W/ HIGH UPSIDE 16% to 17% 1745 County 48 rd 12 Unit Mobile Home Park $611,447 CAD ($50,954 CAD/Unit) 15.09% Cap Rate Russellville, AL 35654
Investment Highlights
- Long-Term low rents can be easly raised to make for 16 CAP %
- Owner does not pay for garbage
- All Unit individually metered for water and electric
Executive Summary
No owner financing, price firm. 12 Park owned Homes with 13 lots total, 1.8 Acres +/-. One extra lot that has a water meter and Septic already Just add a pole., All Tenants pay their own water electric and trash. It brings in 7,000.00 Per month currently but has some low rents 450.00 from long-term tenants and could be raised to a 16% CAP just updating a few units to 750.00 per unit. Every one pays well and timely. On Septic. Upside potential to get rents up for a much higher return. SEE FINANCIAL SUMMARY PDF ATTACHED
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$112,778
|
$11.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$112,778
|
$11.28
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,148
|
$2.21
|
| Net Operating Income |
$90,630
|
$9.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $112,778 |
| Annual Per SF | $11.28 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $112,778 |
| Annual Per SF | $11.28 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,148 |
| Annual Per SF | $2.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,630 |
| Annual Per SF | $9.06 |
Property Facts
| Price | $611,447 CAD | Apartment Style | Garden |
| Price Per Unit | $50,954 CAD | Lot Size | 1.80 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 15.09% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2020 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 0.7/1,000 SF |
| Price | $611,447 CAD |
| Price Per Unit | $50,954 CAD |
| Sale Type | Investment |
| Cap Rate | 15.09% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Lot Size | 1.80 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2020 |
| Parking Ratio | 0.7/1,000 SF |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 02-08-27-0-000-016.003-0 | Improvements Assessment | $9,765 CAD (2025) |
| Land Assessment | $930 CAD (2025) | Total Assessment | $10,695 CAD (2025) |
Property Taxes
Parcel Number
02-08-27-0-000-016.003-0
Land Assessment
$930 CAD (2025)
Improvements Assessment
$9,765 CAD (2025)
Total Assessment
$10,695 CAD (2025)
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15% CAP W/ HIGH UPSIDE 16% to 17% | 1745 County 48 rd
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