For Sale
$915,000

126 Whiting DrMonroeville, AL 36460

30-pad Mobile Home Park, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a well-maintained 30-pad mobile home park situated on 21 acres in Monroeville, Alabama. The property boasts a diverse tenant base, including 16 lot rent pads, 8 rent-to-own homes, 3 vacant park-owned homes, and 3 vacant pads, offering immediate income and potential for future growth. With a strong 7.43% cap rate and a net operating income (NOI) of $64,726, this property provides a solid return on investment. The park benefits from low operational costs and efficient management, maximizing profitability. Monroeville's affordable housing market and stable local economy, driven by agriculture, manufacturing, and retail, create a high demand for this type of housing. Its location in the heart of Alabama, near larger cities like Mobile and Montgomery, further enhances its appeal. This mobile home park presents a compelling investment opportunity for those seeking steady cash flow and value appreciation in a thriving, accessible market. The property's diverse tenant mix mitigates risk and ensures consistent income generation. The efficient utility structure contributes to the high NOI, making this a low-maintenance, high-reward investment. The combination of strong financial performance and a desirable location makes this mobile home park a truly attractive proposition. The asking price for this income-producing asset is $915,000.

Highlights

  • 30-pad mobile home park on 21 acres in Monroeville, Alabama, offering a diverse tenant mix of lot rentals, rent-to-own homes, and vacant units.
  • Strong financial performance with a 7.43% cap rate and $64,726 NOI.
  • Low operating expenses and efficient management maximize profitability.

Property Details for 126 Whiting Dr

Property type
Mobile home & RV parks
Lot Size (sq. ft)
914,760 SF

Location Insight

City
Monroeville
County
Monroe
State
Alabama
Latitude
31.5387478
Longitude
-87.351427
126 Whiting Dr, Monroeville, Alabama

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126 Whiting Dr
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