Selma Portfolio: Housing, RV,
For Sale
Contact for pricing
Pending
748 River Rd, Selma, AL 36703
228-unit portfolio with housing, RV, and storage income streams.
Property SizeContact for details
Days on Market184
Property Features for 748 River Rd
General Information
Standard status
Pending
Class
B
Property subtype
Mixed Use, Mobile Home Park, Self Storage
Occupancy
61%
Investment Type
Stabilized
Net Operating Income
$439,234
Building Details
Units
228
Listing Agency:
eXp Commercial
Listed By:
Lou Febbo · License #SL3660219
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 20 at 9:01AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
The Selma Community Housing & Storage + Selma Estates portfolio features a total of 228 units, offering a mix of manufactured housing, RV, and self-storage income. The portfolio consists of 110 storage units, 78 RV sites, 37 park-owned homes, and 3 lot renters. Selma Community Housing & Storage includes 32 park-owned homes, 16 RV sites, and 110 storage units. The homes and storage facilities were newly constructed last year, with upgraded electrical infrastructure and paved roads. All park-owned home titles have been retired and are registered as real property. The 32 park-owned homes at Selma Housing & Storage are recently submetered, and tenants are billed directly for electric. Selma Estates includes 3 lot renters, additional park-owned homes, and a large concentration of RV sites. The seller originally planned to infill approximately 30 additional park model tiny homes and construct an additional 30-unit storage building, but those expansion plans were paused. Selma Estates is serviced by city water and sewer, and city utilities can be tapped at Selma Community Housing & Storage to potentially transition from the existing well and septic system. The Selma Housing Authority currently subsidizes rents for 13 park-owned home tenants across both parks. The investment strategy involves leasing up vacant RV and storage units, executing strategic infill, optimizing utilities, and continuing steady rent growth. The portfolio provides approximately $1.6 million in accelerated depreciation.
Key Highlights
- Diversified income streams from 228 total units across two parks (manufactured housing, RV sites, and self‑storage).
- Significant value‑add potential through RV/storage lease‑up and strategic infill opportunities.
- Attractive financial profile: 7.27% cap rate on in‑place income and 7.94% cash‑on‑cash return at acquisition, with $621,244 in current top‑line revenue.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 36703, AL
11,754
Population
5,661
Households
2.1
Avg Household Size
41
Median Age
10%
College-Educated
84%
High-School Grad
124.9 sq mi
ZIP Area
94
Density / Sq Mi
$30,096
Median Household Income
$32,832
Median Earnings
$711
Median Rent
$74,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 228-unit portfolio with housing, RV, and storage income streams.
Where is this mobile home & rv park located?
The property is located at 748 River Rd Selma, AL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Diversified income streams from 228 total units across two parks (manufactured housing, RV sites, and self‑storage).; Significant value‑add potential through RV/storage lease‑up and strategic infill opportunities.; Attractive financial profile: **7.27% cap rate on in‑place income** and **7.94% cash‑on‑cash return** at acquisition, with $621,244 in current top‑line revenue.
