Two Park Portfolio - Theodore, AL

Marcus & Millichap is pleased to present this 78-space Mobile Home Park Portfolio in Theodore, AL.​ These two parks are located just 20 minutes from downtown Mobile and only 10 minutes apart from each other.​ Azalea Grove Mobile Home Park is less than a mile from the nearest Walmart.​  

Azalea Grove Mobile Home Park features 50 lots with an occupancy rate of 77% and a monthly lot rent of $450.​ Of the 37 current tenants, 24 reside in Park-Owned Homes, all of which are on rent-to-own schedules.​ This arrangement allows the owner to pass maintenance responsibilities for the homes on to the tenant.​ The park operates on city water and a private septic system.​ This park has been pre-approved for connection to city sewer.​ Electric is directly billed to the tenant, while water, sewer, and trash expenses are billed back to the tenant.​  

Bellingrath Oaks Mobile Home Park features 28 lots with an 82% occupancy rate and a monthly lot rent of $450.​ The park currently has 23 tenants, 18 of those live in Park-Owned Homes on rent-to-own schedules which passes maintenance responsibility on to the tenant.​ This park operates on city water and sewer with electric being directly billed to the tenant.​ Water, sewer, and trash expenses are all billed back to the tenant.​  

Management is unaware of the property sale.​ Please do not visit the parks without prior approval.​ Please arrange property tours with Marcus & Millichap Listing Agents

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  78 Total Spaces

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  77% Occupancy

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  City Water

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  Mobile, AL MSA