2926 Una St Mount Olive, AL 35214
- Mobile home & RV parks
- 58.33 lot acres
Current Use by Public Records
- Forestdale Mobile Home Community / Mobile Home Park
Property Details for 2926 Una St
- Lot size
- 58.33 lot acres
- Property type
- Mobile home & RV parks
Description
This 185-unit mobile home community, located in Birmingham, Alabama, presents a compelling value-add investment opportunity. Situated on 58.33 acres, the property currently boasts 49.7% occupancy, with 86 tenant-owned homes (TOH), 6 rented park-owned homes (POH), 1 office unit, and 92 vacant lots. The average lot rental is $340 per month, and the average POH rental is $850 per month, indicating significant upside potential due to below-market rents and high demand for affordable housing in the Birmingham MSA (population 1.1 million). The community benefits from a stabilized tenant base and a strong, stable population. Improvements include recent tree trimming and park beautification. Utilities are a mix of public (water) and private (sewer, maintained by the park). Tenants are responsible for water, electric, gas/propane, and cable; trash service is provided. Roads are privately maintained and in good condition. The property includes an onsite manager overseeing daily operations. Note that 17 lots and the sewer pond are located within a flood zone, and the property is not in an opportunity zone. This property offers immediate scale potential in a strong Southern market, with further upside achievable through rent increases and infill development. Serious offers only; all offers must include price, inspection timelines, terms, proof of funds, due diligence requirements, and relevant experience.
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
- Mount Olive
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8902
- Latitude
- 33.6117
