Property details

Mobile Home Parks For Sale, Southeast Region

Property Description

Mobile Home Parks For Sale

Mobile home parks for sale like this mobile home park has great upside potential. This mobile home park is located in Alabama, has 21 acres, 64 lots, and 11 acres undeveloped. Current occupancy is at 30% and the owner is currently looking to purchase more units to fill the park. Located in a small town called that is a private and quiet community. There is also a 2nd mortgage for 54K at 2% interest for 30 years.

Selling a mobile home park

We help folks confidentially buy or sell mobile home parks. Whether you want to buy or sell a mobile home park, find comfort in knowing that we do not nickel and dime you with upfront fees and there is no exclusive requirements. Selling your mobile home park and want to screen unqualified mobile home park buyers from disrupting your mobile home park investment? We allow you to sell your mobile home park quietly. Mobile home parks for sale that are openly available for sale on the internet to any mobile home park investor or any mobile home park broker is a wide open invitation to damage the value of a mobile home park by being “shopped” around inappropriately.

Owners who choose to sell mobile home parks confidentially know that this allows mobile home park sellers to quietly sell a mobile home park with no up front fees. Mobile home park owners know that buyers looking for a mobile home park to buy can easily cause problems for an owner selling mobile home parks once they find a mobile home park for sale. We work with many FSBO mobile home parks whose owners want more exposure to nationwide buyers while retaining the right to sell their mobile home park FSBO.

Buying a mobile home park

Finding a mobile home park for sale and then finding out that hundreds of other mobile home park buyers have already seen it is usually depressing. We let a mobile home park buyer in on many mobile home parks for sale that have not been shopped to death yet. Whether a mobile home park first time buyer or adding to your existing mobile home park investments, we will assist in your search for mobile home parks. A search for a mobile home park goes a lot smoother if you learn about mobile home parks ahead of time. Should you finance a mobile home park? Who will finance mobile home parks? A first mobile home park purchase is commonly the result of friends or family recommending the purchase mobile home parks. The trick is to find a mobile home park for sale that closely fits your acquisition criteria.

If buyer is dependent on financing a mobile home park, the amount of cash for down payment is critical to find mobile home parks to buy. A mobile home park search for owner financing is popular as a means of financing mobile home parks vs. conventional MHP financing. How do you find a mobile home park for sale with upside? You will need to learn about a mobile home park relative to competition, rents, occupancy and many other factors. For example, a mobile home park for sale with 25% occupancy attracts upside mobile home park buyers who are not afraid of purchasing a mobile home park that will require hard work in exchange for future return. Other investors prefer closer to 100% occupancy and prefer to find a mobile home park turnkey. We can help get you through these obstacles and help you find mobile home parks to purchase. Available mobile home parks for sale are always subject to verification since buyers purchasing mobile home parks may already have an accepted contract.

Value of a mobile home park

The value of mobile home parks will often lie in the eyes of the owner. A park owned home may appear to enhance your mobile home park investment, however, most mobile home park investors prefer fewer park owned homes. Finding mobile home parks for sale with the no park owned mobile homes means less upkeep, less mobile home park insurance, and more peace of mind for mobile home park owners. Mobile home park searches often produce run down parks with glossy descriptions. For example, a mobile home park resort for sale may be a resort in the mind of a seller, but anything but what a buyer of mobile home park resorts is looking for.

Pricing mobile home parks is often a matter of personal opinion whether buying or selling a mobile home park. When selling a mobile home park, a mobile home park seller will naturally argue that pricing a mobile home park on the higher end of the mobile home park value makes sense. Conversely, those looking to buy mobile home parks will want to downgrade pricing a mobile home park when they decide to go ahead with a purchase a mobile home park. Buying or selling mobile home parks often has little to do with pricing mobile home parks and more to do with compromises between the buyer and seller.

Mobile Home Park Definition

What is the difference between a mobile home park, a manufactured home community, a MHP, a trailer park, a trailer court, a RV park, a campground or a campsite? » Mobile Home Parks are the most common term used to describe a land parcel containing two or more lots that may or may not have park owned mobiles. MHPs is simply the abbreviated version used for Mobile Home Parks.

» Manufactured Home Communities is best to be thought of as a synonym to a Mobile Home Park when buying or selling a mobile home park.

» Trailer Parks (also commonly called trailer courts) is a term that we find older folks commonly use when buying or selling a mobile home park. In other words, mobile home parks are commonly referred to as trailer parks. A trailer park is traditionally meant to be a park with water, electricity and other amenities available for use by parked house trailers.

» RV Parks is short for Recreational Vehicle Parks. RV Parks are commonly used as short or temporary spots to hook up and use facilities for a fee. Most buyers looking for mobile home parks to buy prefer buying mobile home parks over RV Parks since its easier to oversee cash.

» Campgrounds and Campsites are exactly what they sound like. They are a place where you might pop a tent be it out in the wilderness or in a designated area. Whether buying or selling mobile home parks, it is common to see buyers and sellers confuse mobile home parks with campgrounds and campsites.

Other property related to Mobile Home Parks For Sale

List of Mobile Home Parks For Sale List of RV Parks For Sale
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RV Storage RV Storage Facility Mobile Home Park Expansion
Mobile Home Parks For Sale Mobile Home Park For Sale

»  Mobile Home Parks For Sale Search
Search for all Mobile Home Parks related to Mobile Home Parks For Sale by unchecking the "Property Types" box in our PROPERTY SEARCH form, then check the box for Mobile Home Parks (and for RV Parks if desired). Fine tune your mobile home park search or rv park search with other criteria like by minimum number of units/spaces you prefer in your park, minimum CAP rate, price range, etc.

» RV Parks For Sale Search
Search for all RV Parks for sale related to Mobile Home Parks For Sale by unchecking the "Property Types" box in our PROPERTY SEARCH form, then check the box for RV Parks (and for Mobile Home Parks if desired). Fine tune your RV park search or mobile home park search with other criteria like by minimum number of units/spaces you prefer in your park, minimum CAP rate, price range, etc.

Note: Approved principal buyers are the only authorized users of the property search form.

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Highlights

Status:
Withdrawn
Price:
$650,000
PSF:
$1,083
Cap Rate:
10.77%
Annual Rent:
$70,000
 

Property Information

Building Size:
600 sq.ft.
Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
64
Year Built:
1971
Land Area:
21.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

Original loan amount:
$354,000
Interest rate:
5.0%
Amortized over:
360 years
Annual Debt Service Pmts:
$36,000
Annual Cash Flow:
$34,000
Cash on Cash Return:
12.59%

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.