759 County Road 39 - Manufactured Housing/Mobile Housing FOR SALE


Chelsea, AL 35043
$4,995,000 USD
404-876-1640
759 County Road 39, Chelsea, AL for Sale
$4,995,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/43
null | 7.4% Cap Rate

759 County Road 39
Chelsea, AL 35043


HIGHLIGHTS

  • Michael Bull AL License #000083872-0
  • Bull Realty AL License #000083871-0

OVERVIEW

Bull Realty is pleased to present Chelsea Self-Storage and Mobile Home Park located in a rapidly growing suburb of Birmingham. The property is comprised of 206 non-climate controlled, self-storage units and 32 mobile home lots. 16 of the mobile homes are tenant-owned and 14 are park-owned. Many of the tenants have expressed interest in purchasing the park-owned homes. Chelsea Self Storage and Mobile Home Park is located off the Hwy 280 corridor which sees 33,060 vehicles per day. Chelsea, AL is located 10 miles southeast of Birmingham, and is a family-oriented community with great schools. The rivers, lakes, and mountains offer plenty of opportunities for recreation. Value-Add Potential: increasing self-storage rents, offering tenant insurance, raising mobile home rents, and adding covered RV parking or portable storage units. - Located in growing suburb of Birmingham, AL - Large, ±19.18-acre property - Self-Storage is fenced with keypad entry and security cameras - Located off of Hwy 280 Corridor which sees 33,060 cars per day - 650 new homes projected to be built in Chelsea by 2026 - Strong 3-mile average, household income at $107K - ±27,800 net rentable square feet of storage - 206 storage units and ±63 parking spaces - 32 MHP lots: 14 park-owned homes, 16 tenant-owned homes, 2 vacant lots/pads - Limited supply of mobile home parks in Shelby County with strong demand - ±11.41 SF of storage per person within 5-mile radius - Recent Cap/Ex improvements: New LED lighting, new keypad entry - 29,529 people within a 5-mile radius - Michael Bull AL License #000083872-0 - Bull Realty AL License #000083871-0

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

206

PRICE/UNIT

$24,248

CAP RATE

7.4%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chelsea Self-Storage & Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.18 AC

LAND SF

835,481 SF

ZONING

-

APN/PARCEL ID

09-7-26-0-002-031-000

ASK ABOUT THIS PROPERTY

Margaret BlantonBull Realty Inc.More Info
404-876-1640

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Margaret BlantonBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.