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    126 Whiting Dr Monroeville, AL 36460

    Sponsored
    For Sale
    $915,000

    30-pad Mobile Home Park, strong ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-maintained 30-pad mobile home park situated on 21 acres in Monroeville, Alabama. The property boasts a diverse tenant base, including 16 lot rent pads, 8 rent-to-own homes, 3 vacant park-owned homes, and 3 vacant pads, offering immediate income and potential for future growth. With a strong 7.43% cap rate and a net operating income (NOI) of $64,726, this property provides a solid return on investment. The park benefits from low operational costs and efficient management, maximizing profitability. Monroeville's affordable housing market and stable local economy, driven by agriculture, manufacturing, and retail, create a high demand for this type of housing. Its location in the heart of Alabama, near larger cities like Mobile and Montgomery, further enhances its appeal. This mobile home park presents a compelling investment opportunity for those seeking steady cash flow and value appreciation in a thriving, accessible market. The property's diverse tenant mix mitigates risk and ensures consistent income generation. The efficient utility structure contributes to the high NOI, making this a low-maintenance, high-reward investment. The combination of strong financial performance and a desirable location makes this mobile home park a truly attractive proposition. The asking price for this income-producing asset is $915,000.

    Property Features for 126 Whiting Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    914,760 SF

    HighLights

    • 30‑pad mobile home park on 21 acres in Monroeville, Alabama, offering a diverse tenant mix of lot rentals, rent‑to‑own homes, and vacant units.
    • Strong financial performance with a 7.43% cap rate and $64,726 NOI.
    • Low operating expenses and efficient management maximize profitability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Monroe
    State
    Alabama
    Longitude
    -87.351427
    Latitude
    31.5387478

    Nearby Comparable

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    Nearby Similar for Sale

    • Contact for pricing
      318,000 SF

      Monroeville Industrial Facility with Truck Docks

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      126 Whiting Dr, Monroeville, AL 36460
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      Advance Auto Parts For Sale

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      Freestanding Retail/Office Building For Sale

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      Monroeville Multifamily Rehab Opportunity

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    FAQs

    What type of property is this?
    Multifamily property - 30-pad Mobile Home Park, strong ROI
    Where is this multifamily property located?
    The property is located at 126 Whiting Dr Monroeville, AL.
    What is the asking price?
    The asking price for this property is $915,000.
    What are key features of this property?
    This property features: 30-pad mobile home park on 21 acres in Monroeville, Alabama, offering a diverse tenant mix of lot rentals, rent-to-own homes, and vacant units.; Strong financial performance with a 7.43% cap rate and $64,726 NOI.; Low operating expenses and efficient management maximize profitability.
    Request Owner's contact information
    126 Whiting Dr Monroeville, AL 36460
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    Monroeville, AL 36460
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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
    126 Whiting Dr Monroeville, AL 36460
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