For Auction

Rainbow Reserve & Pleasant Grove – Mobile Home Communities | Birmingham-Montgomery AL MSA

50 County Road & 4651 County Road,
Jemison, AL 35085

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
$250,000
NOI
83 Units
Unit Count
80%
Occupancy
Occupancy As Of

Offering Summary

Investment Highlights

  • Two mobile home parks with a total of 83 sites located in Jemison, AL, within the Birmingham-Montgomery MSA.
  • Significant Value-Add Potential with opportunities to fill vacant sites and park-owned homes.
  • Current NOI is ±$250,000 at ±80% occupancy.
  • Average lot rent is lower than that of competing parks in the area, which have an average occupancy rate of 95%.
  • The community is connected to public water and sewer systems, with meters installed to track residents’ usage.
  • Jemison, AL, located in the Birmingham-Montgomery MSA, offers a charming mix of Southern hospitality and community spirit, along with easy access to central Alabama's vibrant culture and natural beauty.


Property Overview

Friedman Real Estate, in conjunction with RI Marketplace, is excited to present the exclusive marketing and sale of Rainbow Reserve and Pleasant Grove, two mobile home communities totaling 83 sites in Jemison, AL. Currently, the properties are approximately 80% occupied, generating an in-place NOI of around $250,000. There is significant potential for value enhancement, as the average lot rent is lower than that of competing parks in the area, which boast an average occupancy rate of 95%. This creates an opportunity for a new owner to increase rents and explore additional revenue streams.

Jemison, AL, located within the Birmingham-Montgomery MSA, combines Southern hospitality with a strong sense of community. The area offers easy access to vibrant cultural experiences and the natural beauty of central Alabama. Residents can enjoy nearby recreational opportunities, parks, and local amenities. With its strategic location and welcoming environment, Jemison presents an attractive opportunity for investment and growth in the mobile home park sector.

Due Diligence

Transaction Managers

Abigail Tsay
Marketplace
(800) 915-7015atsay@realinsight.com
Luke Pieroni
Marketplace
(800) 915-7015lpieroni@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Daniel Culps
c/o Fisher Auction Company Inc.
License: 5070

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Call For More Information

This auction has ended. Interested in additional investment opportunities?

Investment Sales Brokers

Steven Silverman
Friedman Real Estate
(248) 760-7633steven.silverman@freg.com
Ryan Wilner
Friedman Real Estate
(248) 810-3868ryan.wilner@freg.com
Andrew Ledger
Friedman Real Estate
AL License: 000135668-0

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.