For Auction
Clanton Reserve & Enterprise Reserve – Mobile Home Communities | Birmingham-Montgomery AL MSA
Clanton, AL 35045Represented by
Friedman Real Estate
Asset Snapshot
Offering Summary
Investment Highlights
- Two mobile home parks with a total of 91 sites located in Clanton and Verbena, AL, within the Birmingham-Montgomery MSA.
- Significant Value-Add Potential with opportunities to fill vacant sites and park-owned homes.
- Current NOI is ±$243,000 at ±46% 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.
- Clanton and Verbena, AL, are charming towns that embody Southern hospitality and community spirit. With beautiful landscapes and rich local culture, they offer a perfect retreat with easy access to central Alabama's vibrant experiences.
Property Overview
Friedman Real Estate, in conjunction with RI Marketplace, is pleased to present the exclusive marketing and sale of Clanton Reserve and Enterprise Reserve, two mobile home communities totaling 91 sites in Clanton and Verbena, AL. Currently, the properties are approximately 46% occupied, generating an in-place NOI of $255,000. There is significant potential for value enhancement, as the average lot rent is lower than competing parks in the area, which have an average occupancy rate of 95%. This presents a unique opportunity for a new owner to increase rents and explore additional revenue streams.Clanton and Verbena, located within the Birmingham-Montgomery MSA, offer a blend of Southern hospitality and strong community spirit. The area provides easy access to vibrant cultural experiences and the natural beauty of central Alabama. Residents can enjoy local parks, recreational opportunities, and nearby amenities. With its appealing environment and strategic location, Clanton and Verbena represent an attractive investment opportunity in the mobile home park sector.
Due Diligence
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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.
