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Circle Drive - Pine RV/Mobile Home Park- City Water & Sewer
130,680 SF Speciality Building Offered at £117,678 in Marion, AL 36756
Investment Highlights
- Clean High and dry - 21 spaces- City Water & Sewer
Executive Summary
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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
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| Annual | - |
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| Operating Expenses | |
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| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
About Circle Drive , Marion, AL 36756
I own Mobile Homes USA in Fort Myers and purchased this park from the city mayor who is now one of two county commissioners during the beginning of COVID. I am seeking a buyer or working partner for the park and have a Clear deed to property and have a move in ready Mobile Home available for the buyer or his employee to live in on site if desired and own two other homes which are rented out. The property currently has all utilities connected to 9 mobile home spaces along the right and rear perimeter and room for 30 RV spaces or 14 Mobile Home spaces in the Left and Center of the property directly accessible from the main road To complete the infrastructure for the city water & Sewer I have an option to add 30 RV spaces or 16 mobile home spaces to complement the 9 current mobile home spaces currently there. I have wholesale sources to buy used RVs and Mobile Homes at wholesale pricing in the greater Selma area. I have local sources for used RVs and Mobile Homes at wholesale pricing. I am in the process of getting a mobile home dealer license for this park so we can also sell new and used units outside the park and need to take pics of our REPO's every week so we can get them up on social media to sell as is or rehabbed. Facebook Marketplace and Craigslist may be our best sources.. I have a mobile home dealers license to sell in All Florida or sell homes in adjoining Southeast States- However with an Alabama Dealers License there is NO sales tax on used homes as opposed to 6% in Florida which I have already filed for if you are interested. Car, RV or Mobile Home Sales Experience Necessary for my partner or an employee we can bring on board to focus on sales and we can concentrate on property development There is demand for affordable housing for teachers and workers there at Marion Military Academy, Tekpak Manufacturing, NEW Perry County Prison System and Hunters in the fall
zoning
| Zoning Code | Commercial (RV and Mobile Home Park City Water & Sewer In Development) |
| Commercial (RV and Mobile Home Park City Water & Sewer In Development) |
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David Boshart - Mobile Homes USA
Presented by
Mobile Homes USA
Circle Drive - Pine RV/Mobile Home Park- City Water & Sewer
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