Property summary
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.
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6 recent transactions · within 1.5 miComparable in this City
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