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    Wild Fork Rd Frisco City, AL 36445

    Sponsored
    For Sale
    $645,000

    Alabama Mobile Home Park Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 30-pad mobile home park in Frisco City, Alabama, offers a compelling investment opportunity. Built in 1980 on 9.63 acres, the property boasts a 6.91% cap rate and a strong NOI of $42,164. The park includes 7 lot rentals, 8 rent-to-own homes, 4 vacant park-owned homes, and 11 vacant pads, presenting significant upside potential through expansion and rent increases. Water and sewer are provided by the city, keeping operating costs low. Located in a growing community with a stable local economy, the park benefits from the increasing demand for affordable housing in the region. Its proximity to larger cities like Mobile and Montgomery enhances its appeal. The diverse tenant mix, including lot rentals and rent-to-own agreements, contributes to a stable cash flow. The current lot rents are below market, allowing for future rent growth. This property presents a solid investment with both current income and long-term appreciation potential. The low operating costs and efficient management structure further enhance its profitability. The combination of affordable living, proximity to regional markets, and a strong local economy positions this park for long-term success.

    Property Features for 0 Wild Fork Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    419,483 SF

    Building Details

    Year Built
    1980

    HighLights

    • Low operating costs and efficient management due to low utility costs.
    • Attractive location in Frisco City, offering affordable living and proximity to Mobile and Montgomery.
    • Significant rent growth potential due to below‑market lot rents.
    • Stable cash flow from a diverse tenant mix including lot rentals, rent‑to‑own homes, and vacant park‑owned homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Frisco City
    County
    Monroe
    State
    Alabama
    Longitude
    -87.365901
    Latitude
    31.4116733

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    Nearby Similar for Sale

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      Frisco City Investment Opportunity

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    FAQs

    What type of property is this?
    Multifamily property - Alabama Mobile Home Park Investment
    Where is this multifamily property located?
    The property is located at Wild Fork Rd Frisco City, AL.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: Low operating costs and efficient management due to low utility costs.; Attractive location in Frisco City, offering affordable living and proximity to Mobile and Montgomery.; Significant rent growth potential due to below-market lot rents.
    Request Owner's contact information
    Wild Fork Rd Frisco City, AL 36445
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    Frisco City, AL 36445
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Wild Fork Rd Frisco City, AL 36445
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