Mobile Home Park With 4
For Sale
$230,000
11117 Weeks Rd, Foley, AL 36535
County property with RA—Rural Agriculture zoning and a mix of renovated, occupied, and extensively repair-needing homes.
Property Size792 SF
Lot Size2.00 Acres
Price / SF$290.40
Days on Market82
Property Features for 11117 Weeks Rd
General Information
Standard status
Active
Size
792 SF
Lot size
2.00 Acres
Property subtype
Multi-Family
Zoning
RA- Rural Agriculture
Occupancy
75%
Property Condition
Severity
Major Repairs Needed
Evidence
needs extensive renovating
Additional Details
Multifamily Units
4
Building Details
Year Built
2005
Listing Agency:
Terri T Realty
Listed By:
Randall Allen · License #68588
(251) 202-7057
Source:
Gulfcoasthomelistings
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 16 at 9:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Terri T Realty
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Investment Insights
Based on property information with market context.
This mobile home and RV park property encompasses approximately 2 acres with four mobile homes. Three homes are described as livable, including two that have been renovated, while the remaining home requires extensive renovation. The units date from 1970 to 2005 and are offered in their current as-is, where-is condition, without expressed or implied warranties.
The property is located in the county at 11117 Weeks Rd in Foley, Alabama, and carries RA—Rural Agriculture zoning. Three of the four homes are occupied, so interior access requires an appointment. One home is leased on a month-to-month basis. Buyers are responsible for verifying property details during due diligence.
The property is located in the county at 11117 Weeks Rd in Foley, Alabama, and carries RA—Rural Agriculture zoning. Three of the four homes are occupied, so interior access requires an appointment. One home is leased on a month-to-month basis. Buyers are responsible for verifying property details during due diligence.
Key Highlights
- Approximately 2 +/- acres with 4 mobile homes
- 3 homes are described as livable; 1 requires extensive renovation
- 2 of the 4 mobile homes have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,456
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,120
$129.1K
Cap Rate 7%
$92,229
$92.2K
Cap Rate 9%
$71,733
$71.7K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$12.4K $15.60/SF
− Vacancy
−$618 −$0.78/SF
EGI
$11.7K $14.82/SF
− OpEx
−$5.3K −$6.67/SF
NOI
$6.5K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,120
Cap Rate 7%
$92,229
Cap Rate 9%
$71,733
Alternative Uses
Best Use
Apartment 5plus
$92.2K
$80.7K – $107.6K
NOI $6,456 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.5K
$166.7K – $222.2K
NOI $13,332 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - County property with RA—Rural Agriculture zoning and a mix of renovated, occupied, and extensively repair-needing homes.
Where is this mobile home & rv park located?
The property is located at 11117 Weeks Rd Foley, AL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Approximately 2 +/- acres with 4 mobile homes; 3 homes are described as livable; 1 requires extensive renovation; 2 of the 4 mobile homes have been renovated
