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Mobile Home Park In Growing Area
Location Alabama,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $300000
Net Profit / Cash Flow $215000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable.
Reason for Sale Breakup of partnership.
Description Location of the Village of Ft Mitchell's Location couldn't be more desirable. Sitting in a prime growth area, & a mere 3 miles to the West Gate Entrance to Ft Benning (Columbus) Georgia. Ft Benning, Home of the Infantry & one of the largest Army Posts in the world. Growth has begun to mushroom as the Armor School from Ft Knox, KY moves operations to Benning. The Base Realignment project is estimated to bring in 30,000 to 45,000 people to our area. Completion deadline is Sept, 2011.
With the influx the realignment is creating, other exciting projects are occurring simultaneously. A KIA Automobile Plant is being constructed & has begun hiring. Suppliers to this industry are beginning to pop up everywhere. All are within commuting distance to our Park. Meaning a ''boat-load'' of workers & families are moving in expecting to find affordable housing! Yes, a shortage of affordable housing exists here. This puts the buyer of this Park in the proverbial ''driver's seat''.
The Village of Ft Mitchell currently has 166 pads and a total 40 acres, 20 of which is undeveloped & ready to be developed. No code restrictions exist at this time leaving the development possibilities up to the buyer's imagination. At the present time, there are no apartment buildings close to this area. This property for sale is tree-studded, level, buildable, & to top it off, there is over a 1/4 mile of commercial frontage on a major highway. Currently it has 95 homes, with potential, to give the astute buyer a lucrative investment. And, possibly the best buy in the country! This community is offered at a cap rate of 9.78, with an asking price of $1,800,000.
This opportunity is viewed to be best suited for the Investor desiring a M/H Park that presently cash-flows; has room for expansion; who wishes to grow their money very quickly; own a property with few usage restrictions; one who is eager to begin work on day one! Please do not contact park management, employees or residents.
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