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Tallassee Place Mobile Home Park 51 Lakewater Dr 17 Unit Mobile Home Park $830,572 CAD ($48,857 CAD/Unit) 13.11% Cap Rate Tallassee, AL 36078
INVESTMENT HIGHLIGHTS
- Great location
EXECUTIVE SUMMARY
Mobile home/RV park just 25 minutes south of Lake Martin, 15 min north of Montgomery, and 30 min south of Auburn, that is running and ready for new ownership. The park currently has 7 mobile homes and 10 RV spots on the property, and has been maintained well. Rent on the mobile homes range from $750/month to $900/month, and RV spots between $550/month and $600/month.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $830,572 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $48,857 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 6.00 AC |
| Cap Rate | 13.11% | Building Size | 55,000 SF |
| Sale Condition | Business Value Included | Average Occupancy | 86% |
| No. Units | 17 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $830,572 CAD |
| Price Per Unit | $48,857 CAD |
| Sale Type | Investment |
| Cap Rate | 13.11% |
| Sale Condition | Business Value Included |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 6.00 AC |
| Building Size | 55,000 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built | 2000 |
ABOUT 51 LAKEWATER DR , TALLASSEE, AL 36078
Mobile home/RV park just 25 minutes south of Lake Martin, 15 min north of Montgomery, and 30 min south of Auburn
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PROPERTY TAXES
| Parcel Number | 21-03-07-0-000-008000-0 | Total Assessment | $246,491 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
21-03-07-0-000-008000-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$246,491 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Brooklyn Industries LLC
Tallassee Place Mobile Home Park | 51 Lakewater Dr
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