496 County Rd 109 Daleville, AL 36322

Red Oak MHP, located in Daleville, AL, presents a value-add investment opportunity. The property consists of 80 total sites with potential upside through infill, rent growth, and operational improvements. The location is near Fort Novosel, formerly Fort Rucker, in the Wiregrass region of Southeast Alabama. The area benefits from stable employment in the military, aviation training, healthcare, and regional service industries. The property includes 28 tenant-owned homes, 8 rented park-owned homes, and 9 rent-to-own units, along with 10 vacant mobile home lots, 14 vacant RV lots, and 8 vacant park-owned home units. The RV portion of the park is newly built with 15 RV lots. The average mobile home lot rent is approximately $392, with projected market lot rents around $475 per month. Red Oak is serviced by public water and private septic. Utilities on mobile home lots are largely tenant-paid via direct billing. Roads are privately maintained and in functional condition. The community is located in a stable residential area and is not in a Flood Zone or an Opportunity Zone. The property is offered at a purchase price of $2,000,000, reflecting an estimated 8.1% cap rate on in-place operations. Investors may achieve upside by infilling vacant sites, stabilizing park-owned home occupancy, increasing rents toward market levels, and improving utility expense recapture.