Red Oak MHP Investment
For Sale
Contact for pricing
Pending
496 County Rd 109, Daleville, AL 36322
Cash-flowing, value-add mobile home park near Fort Novosel.
Property SizeContact for details
Days on Market169
Property Features for 496 County Rd 109
General Information
Standard status
Pending
Class
C
Property subtype
Mobile Home Park
Occupancy
57%
Investment Type
Value Add
Building Details
Units
80
Listing Agency:
Marcus & Millichap - Charlotte Uptown
Listed By:
Glenn Esterson · License #GA 355850
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Jul 24 at 1:00PM
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 Marcus & Millichap - Charlotte Uptown
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Value‑add opportunity with significant upside potential, projected to reach a 19.4% Cap Rate
- Located in Daleville, AL, near Fort Novosel, a key workforce housing hub
- Cash‑flowing investment with an estimated 8.1% cap rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 36322, AL
8,137
Population
4,403
Households
1.8
Avg Household Size
41
Median Age
15%
College-Educated
87%
High-School Grad
59.5 sq mi
ZIP Area
137
Density / Sq Mi
$49,243
Median Household Income
$34,098
Median Earnings
$777
Median Rent
$115,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Cash-flowing, value-add mobile home park near Fort Novosel.
Where is this mobile home & rv park located?
The property is located at 496 County Rd 109 Daleville, AL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Value‑add opportunity with significant upside potential, projected to reach a 19.4% Cap Rate; Located in Daleville, AL, near Fort Novosel, a key workforce housing hub; Cash‑flowing investment with an estimated 8.1% cap rate
