3829 Highway 231Laceys Spring, AL 35754

Property Details for 3829 Highway 231

Lot size

5.00 AC

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This exceptional 42-unit RV park in Laceys Spring, Alabama, presents a compelling value-add investment opportunity. Situated on 5 acres at 3829 Hwy 231, this Class C property boasts a current NOI of $69,209 and a pro-forma NOI of $100,242, yielding a 6.29% cap rate. Currently operating at 50% occupancy, the park offers significant upside potential through operational improvements and increased rental rates. Each of the 42 pads features full hookups (50-amp electricity, water, and sewer) with no utility maximums, ensuring tenant satisfaction. The park benefits from a prime location near Redstone Arsenal, NASA's Marshall Space Flight Center, and Huntsville Hospital, attracting a steady stream of traveling workers and retirees. The straightforward rent structure of $150 per week ($600 per month) provides consistent cash flow. Convenient access to Highway 231 ensures easy accessibility to Huntsville and surrounding areas, while proximity to Monte Sano State Park and Guntersville State Park enhances the property's appeal. Owner financing is available. The property is zoned GC and has an APN of 09-07-25-0-004-009.001. The asking price is $1,100,000, representing a price per unit of $26,190.48. This property offers significant growth potential within Huntsville's expanding metro area.

Location Insight

City

Laceys Spring

County

Morgan

State

Alabama

Latitude

34.483

Longitude

-86.5791

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].