Circle Drive - Specialty FOR SALE


Marion, AL 36756
$150,000 USD
239-645-8912
Circle Drive, Marion, AL for Sale
$150,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

Circle Drive
Marion, AL 36756


HIGHLIGHTS

  • Clean High and dry - 21 spaces- City Water & Sewer

OVERVIEW

I own Mobile Homes USA, (a licensed mobile home dealer) in Fort Myers and purchased this 3AC park with City Water and Sewer from the Mayor of the City. I need a working partner in the area to help me develop it out with FEMA homes I own or can buy and rehab from my other 13 AC Park w/pond in Selma, AL which is also available on request. I have 9 Spaces with utilities around the right and back side of the park with 3 homes rented and room for 12 Mobile Home Spaces in the left and center for which I need to complete utilities for. I own the property free and clear so we can get a construction loan to develop these. I have a FINANCE company that can fund tenants with only 5% Down -660 FICO score or 10% Down with 550 FICO so we can sell the homes to the tenants and also charge them monthly lot rent. I have a furnished RV on site for my partner or his employee to live in to oversee development. I can buy 2 and 3 BR homes directly from FEMA in Selma in the $15-$25,000 area so should be able to net $10.000 per home we sell and receive $500/month rent. I also own a 13 AC Park with pond in Selma, AL which is 27 miles away that has 8 spaces that I use as a rehab and storage facility for used homes and repos. I have homes at this facility now which I have paid appx $10,000 per unit for that need some rehab at minimal cost that can be moved to Marion. Therefore if we fill all 21 Spaces we should gross over $200,000 in mobile home sales plus $500 x 20 = $10.000 per month x 12 = $120,000 in annual rent allowing 1 space for a property manager. Total development costs should be in the $50,000-$60,000 area which we should be able to finance with a construction loan using the property as collateral. Finally- I can file with the State for a Mobile Home Dealership at this location so we can buy, rehab and sell homes both in and out of the park.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$1 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Pine RV/Mobile Home Park- City Water & Sewer

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

Commercial

APN/PARCEL ID

13-01-12-1-002-008.0000,13-01-12-1-002-009.0000

ASK ABOUT THIS PROPERTY

David BoshartMobile Homes USAMore Info
239-645-8912

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David BoshartMobile Homes USAMore Info
239-645-8912

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