Red Oak MHP Investment
496 County Rd 109, Daleville, AL 36322
Cash-flowing, value-add mobile home park near Fort Novosel.
Type:Mobile Home Park
- Added:
- Mar 3, 2026
- Days on Market:
- 72
- Last Refresh:
- Mar 16 at 1:50 pm
Property Features for 496 County Rd 109
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing agent Glenn Esterson License #GA 355850
Listing office Marcus & Millichap - Charlotte Uptown
Listing date Mar 3, 2026
Source Crexi
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
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
- Mix of income streams from tenant‑owned homes, park‑owned homes, and rent‑to‑own units
- Includes newly built RV section with 15 lots, presenting a strong infill and stabilization opportunity
- Potential for rent growth, with average MH lot rent at approximately $392
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Daleville
- County
- Dale
- State
- Alabama
- Longitude
- -85.760399
- Latitude
- 31.296989
Nearby Similar for Sale
FAQs
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
