Mobile Home Park with Expansion
For Sale
$429,900
6100 County Road 4, Boaz, AL 35957
Nine homes are in place, with a site layout intended to accommodate additional mobile homes.
Property Size5,000 SF
Lot Size13.50 Acres
Price / SF$85.98
Days on Market127
Property Features for 6100 County Road 4
General Information
Standard status
Active
Size
5,000 SF
Lot size
13.50 Acres
Property subtype
INVESTMENT
Additional Details
Multifamily Units
9
Building Details
Building Size
5,000 SF
Listing Agency:
South Towne Realtors, LLC
Listed By:
Jeff Overstreet · License #64243
(256) 302-7722
Source:
Intownpartners
Added: Jun 25
Changed: Oct 27
Last Checked: Oct 27 at 4:34AM
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 South Towne Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 13.5-acre mobile home park contains 9 mobile homes and currently generates rental income. The property has also been laid out to accommodate approximately 20–30 mobile homes, providing room for a larger community configuration.
Key Highlights
- 13.5‑acre mobile home park
- 9 mobile homes currently on the property
- Layout accommodates approximately 20–30 mobile homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,065
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,300
$541.3K
Cap Rate 7%
$386,643
$386.6K
Cap Rate 9%
$300,722
$300.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$52.8K $10.56/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$49.2K $9.84/SF
− OpEx
−$22.1K −$4.43/SF
NOI
$27.1K $5.41/SF
Area
Marshall County, AL
Vacancy
6.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,300
Cap Rate 7%
$386,643
Cap Rate 9%
$300,722
Alternative Uses
Best Use
Apartment 5plus
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$944.3K – $1.26M
NOI $75,542 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 35957, AL
16,849
Population
6,755
Households
2.5
Avg Household Size
36
Median Age
13%
College-Educated
85%
High-School Grad
78.3 sq mi
ZIP Area
215
Density / Sq Mi
$53,859
Median Household Income
$35,277
Median Earnings
$679
Median Rent
$142,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Nine homes are in place, with a site layout intended to accommodate additional mobile homes.
Where is this mobile home & rv park located?
The property is located at 6100 County Road 4 Boaz, AL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 13.5‑acre mobile home park; 9 mobile homes currently on the property; Layout accommodates approximately 20–30 mobile homes
