Camelot Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property. Attractive assumable HUD debt in place. The HUD loan can be paid off but is subject to a prepayment penalty.
$1,600,000Size Upon Req.
Lee & Associates is pleased to present the sale of Sierra Mobile Home Park. The park is located just outside the southwestern city limits of Dothan, AL. Currently, the park has 53 park owned homes and 31 lot rentals, with nearly 90% occupancy. The park is on sub-metered city water and sewer, and Tenants are billed directly by Houston County. Recently, the owners rehabbed several of the park owned homes in an effort to improve units in the park and encourage long term tenancy. In addition, Sierra Mobile Home Park is in the strongest school system in Houston County, which has been a factor in attracting long term, stable Tenants. Sierra Mobile Home Park is an excellent investment for those looking for a medium to large community with high occupancy and strong rents. Bank financing is available for qualified investors. - Close proximity to Dothan, AL - Sub-metered City Water and Sewer - Mix of Park Owned Homes and Lot Rental - Paved Roads Throughout - Best School System in Houston County - Small Storage Sheds Available for Rental
BUILDING SQFT: 15,000 SQFT STRUCTURES 2 BUILDINGS LAND SIZE: 1.9 ACRES APPROXIMATE SQFT/APT: 1Bed/1Bath 600-900 SF 2Bed/1Bath 700-960 SF 3Bed/1Bath 900-960 SF YEAR BUILT: 1958 UNIT MIX: 8 1Bed/1Bath 8 2Bed/1Bath 3 3Bed/1Bath PRICE/BUILDING SQFT: $48.66 PRICE/UNIT: $38,421 ASKING PRICE: $729,999