72 Unit MHP Portfolio - AL & TN
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72 Unit MHP Portfolio - AL & TN
3 Multifamily Properties Offered at $4,100,000 in Multiple Locations
Investment Highlights
- 27 Total Lots Comprised of 25 Park Owned Homes, 1 Tenant Owned Home and 1 Vacant Lot
- Utilities are Individually Billed For Water & Electric - City Water & Private Septic System
- Paved Roads
- Beginning to Start RTO Contracts on the POHs
- The Septic Systems Were Recently Completely Updated With New Field Lines Throughout the Property
- The Property is Situated on 8.39 Acres
Executive Summary
Sands Investment Group is Pleased to Present the Opportunity to Acquire a 72 Site MH Portfolio Within 2 Hours Distance of One Another. This Portfolio Includes 62 Park Owned Homes & 9 Tenant Owned Homes. Possibility to Take Up to 60% Bonus Depreciation on Park Owned Homes if Closed in 2024. Upside Opportunity to Convert POH's to Rent-to-Own (RTO) Contracts to Reduce Repair and Maintenance Costs. Property Management in Place and Will Remain With the Portfolio (at Request). Option to Purchase an Additional 8-Site Park Near Current Portfolio. Inquire For Additional Information.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973
BoR: Tom Gorman - Lic. TN #370394
BoR: Andrew Ackerman - Lic. AL #1089690
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973
BoR: Tom Gorman - Lic. TN #370394
BoR: Andrew Ackerman - Lic. AL #1089690
Property Facts
| Price | $4,100,000 | Number of Properties | 3 |
| Price / SF | $230.44 / SF | Individually For Sale | 0 |
| Cap Rate | 9.12% | Total Building Size | 17,792 SF |
| Sale Type | Investment | Total Land Area | 4.07 AC |
| Status | Active |
| Price | $4,100,000 |
| Price / SF | $230.44 / SF |
| Cap Rate | 9.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 17,792 SF |
| Total Land Area | 4.07 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1810 Vales Mill Rd, Pulaski, TN 38478 | Multifamily | 16,993 SF | 1942 | - |
| 3 Simpson Rd, Fayetteville, TN 37334 | Multifamily | 799 SF | 2000 | - |
| 9634 River rd, Muscle Shoals, AL 35661 | Multifamily | - | 2000 | - |
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Kristen Deninno -
William Capone -
Stephen Kruszenski -
Thomas Gorman -
Sands Investment Group
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72 Unit MHP Portfolio - AL & TN
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