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OFF-MARKET
Mobile home & RV parks

333 Ray Bass Hwy Carrollton, AL 35447

Property ID
Property summary
AI-generated overview

This 26-unit mobile home park in Carrollton, Alabama, presents a compelling investment opportunity. Located in Pickens County, near Tuscaloosa, this property offers a peaceful, rural setting with convenient access to nearby cities. The park comprises 17 tenant-owned homes, 7 rent-to-own homes, and 2 park-owned homes, all connected to city water and sewer. Recent revitalization efforts have significantly improved the park, converting it from a primarily park-owned to a largely tenant-owned model, minimizing maintenance costs for the new owner. The paved roads and gravel drives are in good condition. The park currently utilizes a master meter for water and sewer, offering potential upside through submetering to reduce operating costs and increase revenue. A flat $50 monthly utility fee is currently charged to residents. The property is not located in a flood zone and boasts historically high occupancy rates, allowing for potential lot rent increases. The asking price of $725,000 includes the rent-to-own note balances and the two park-owned homes. The seller prefers a cash sale. Detailed financial records are available.

Property profile
Verified
Property type Mobile home & RV parks
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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