Mobile Home Park In Growing Area
Location:
United States
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Alabama
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Fort Benning
Industry: Hotels and Holiday Accommodation > Camping and Parks
Business Summary
Location of the Village of Ft Mitchell's Location couldn't be more desirable. Sitting in a prime growth area, & a mere 3 miles to the West Gate Entrance to Ft Benning (Columbus) Georgia. Ft Benning, Home of the Infantry & one of the largest Army Posts in the world. Growth has begun to mushroom as the Armor School from Ft Knox, KY moves operations to Benning. The Base Realignment project is estimated to bring in 30,000 to 45,000 people to our area. Completion deadline is Sept, 2011.
With the influx the realignment is creating, other exciting projects are occurring simultaneously. A KIA Automobile Plant is being constructed & has begun hiring. Suppliers to this industry are beginning to pop up everywhere. All are within commuting distance to our Park. Meaning a ''boat-load'' of workers & families are moving in expecting to find affordable housing! Yes, a shortage of affordable housing exists here. This puts the buyer of this Park in the proverbial ''driver's seat''.
The Village of Ft Mitchell currently has 166 pads and a total 40 acres, 20 of which is undeveloped & ready to be developed. No code restrictions exist at this time leaving the development possibilities up to the buyer's imagination. At the present time, there are no apartment buildings close to this area. This property for sale is tree-studded, level, buildable, & to top it off, there is over a 1/4 mile of commercial frontage on a major highway. Currently it has 95 homes, with potential, to give the astute buyer a lucrative investment. And, possibly the best buy in the country! This community is offered at a cap rate of 9.78, with an asking price of $1,800,000.
This opportunity is viewed to be best suited for the Investor desiring a M/H Park that presently cash-flows; has room for expansion; who wishes to grow their money very quickly; own a property with few usage restrictions; one who is eager to begin work on day one! Please do not contact park management, employees or residents.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$300,000
Cash Flow:
$215,000
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 1975
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Negotiable.
Reason For Selling: Breakup of partnership.
Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Camping and Parks business for sale.
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Print Listing Id: 70097067
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