126 Whiting Dr Monroeville, AL 36460
- Mobile home & RV parks
- 21.00 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 126 Whiting Dr
- Lot size
- 21.00 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroeville
- County
- Monroe
- State
- Alabama
- Longitude
- -87.351427
- Latitude
- 31.5387478
