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Oakridge Mobile Home Park 61 County Road 38 8 Unit Mobile Home Park $836,156 CAD ($104,520 CAD/Unit) 9.30% Cap Rate Florence, AL 35634
INVESTMENT HIGHLIGHTS
- Quiet country setting.
- An hour and 30 minutes to Huntsville AL, 40 minutes to Wilson lake, and 30 minutes to Florence Alabama and the University of North Alabama.
- Good school district.
EXECUTIVE SUMMARY
Oakridge Mobile Home Park is a 9 unit park located in the Rogers School District. It is situated on 2 acres outside the city limits of Florence AL. The park has city water and electric that is individually metered. Sewer is handled by septic tanks and there is one tank per trailer. There is an asphalt private road in decent shape for access into the park. The park has 8 Park Owned Homes (POH) and 1 Tenant Owned Home (1). The trailers range in age from 1990-2018. Two trailers were recently updated and two newer trailers were recently added to the park. The park is a mixture of 3 bed/2 bath and 2 bed/2 bath units. Lot rent is currently $225 but the could be increased to $375-$475. The 3 bed/2 bath trailers rent for $850-$995 and 2 bed/2 bath units rent for $575-$800. All trailers have newer central HVAC units. Parking is off street for up to 2 cars per trailer. All unit have stove, refrigerator and microwave and laundry rooms. I am trying to sell the park to buy a larger park. Any question can be submitted to acrents@ardmore.net. I can provide financials for the park once an NDA is signed.
PROPERTY FACTS
| Price | $836,156 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $104,520 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 9.30% | Building Size | 10,192 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2003 |
| Zoning | county - not in a flood zone | ||
| Price | $836,156 CAD |
| Price Per Unit | $104,520 CAD |
| Sale Type | Investment |
| Cap Rate | 9.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 10,192 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2003 |
| Zoning | county - not in a flood zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | 1,056 |
| 3+2 | 6 | - | 1,280 |
1 1
PROPERTY TAXES
| Parcel Number | 04-06-13-0-000-003.007 | Improvements Assessment | $0 CAD |
| Land Assessment | $14,206 CAD | Total Assessment | $14,206 CAD |
PROPERTY TAXES
Parcel Number
04-06-13-0-000-003.007
Land Assessment
$14,206 CAD
Improvements Assessment
$0 CAD
Total Assessment
$14,206 CAD
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Presented by
Anna-Claire Rossetti Enterprises
Oakridge Mobile Home Park | 61 County Road 38
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