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Mobile Home Park, 55+ Community - 10 mi from Gulf of Mexico

Stabilized Income, Prime Location

Listing Contacts

Active

Asking Price: $1,490,000
Earnest Money  Deposit: $50,000 min.

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Address 

410 Hamilton Blvd, Foley, AL 36535

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Date Added
Feb 5, 2025
Days on Market
133 days
Time Since Last Update
13 days

Details

Property TypeBusiness for Sale, Mixed Use, Mobile Home Park, Multifamily, Senior Living
SubtypeBusiness and Building, RV Park
Investment TypeStabilized
ClassB
TenancyMulti
Number of Tenants16
Cap Rate7.48%
Pro-Forma Cap Rate10.24%
Occupancy100%
Occupancy Date02/05/2025
NOI$111,452
Pro-Forma NOI$152,572
Units16
Pads16
Buildings16
Stories1
ZoningMH-1
Lot Size (acres)2.34
Parking (per unit)2
Broker Co-OpYes
APN05-54-08-33-2-000-019.000
Price/Unit$93,125
OwnershipFull
Sale ConditionFor sale by owner
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Marketing Description

Pelican Mobile Home Park presents a rare opportunity to acquire a fully occupied, cash-flowing investment property in the thriving Baldwin County market.​ Located in Foley, Alabama, this stabilized mobile home park offers long-term tenants, reliable income, and the potential for increased profitability through operational enhancements.​

Property Highlights:

  • 100% Occupancy – Strong rental history with stable, long-term tenants, ensuring consistent cash flow.​

  • Desirable Location – Situated in Foley, a high-growth area benefiting from Baldwin County’s economic expansion, tourism, and increasing demand for affordable housing.​

  • Low-Maintenance Infrastructure – City water and sewer connections provide reliability while minimizing owner responsibilities.​

  • Value-Add Potential – Opportunity to adjust rents to market rates, implement a utility billback system, and reduce operating costs through strategic management.​

  • Senior-Focused Community – A well-maintained, quiet living environment catering to the growing 55+ market, with easy access to healthcare, shopping, and entertainment.​

Foley, Alabama, continues to experience strong population growth, driven by its proximity to Gulf Coast attractions, expanding job market, and increasing demand for affordable housing.​ The park’s prime location ensures a steady tenant base while offering investors a chance to capitalize on rising rental demand.​

With low operational costs, room for rental rate growth, and a highly desirable market, this property provides a secure and scalable investment opportunity.​ Investors looking for a stable, income-generating asset with upside potential will find Pelican Mobile Home Park to be an excellent addition to their portfolio.​

Investment Highlights

•                Immediate Cash Flow: Enjoy consistent income from a 100% occupied mobile home park with long-term tenants.

•                Significant Value-Add Potential: Increase revenue by strategically adjusting rents to market rates, and lowering expenses with a utility billback system.

•                Self-Managed Operation: The property is currently self-managed, providing flexibility and control to the new owner and the opportunity to potentially lower operating costs.

•                City Water & Sewer: Benefit from the reliability and convenience of city water and sewer connections, minimizing maintenance and operational hassles.

•                Premier Location: Situated in Foley, AL, with easy access to key amenities, medical services, and popular Gulf Coast attractions.

•                Senior-Focused Community: Cater to the growing 55+ market, with a property offering a safe, low-maintenance, and convenient living environment.

•                Strong Market Fundamentals: Capitalize on Baldwin County's robust growth fueled by tourism, economic expansion, and increasing educational investment.

•                Strong Demand for Affordable Housing: With an increased need for affordable housing, this property offers investors a place in a strong and consistent market.

•                Comprehensive Healthcare Access: The property is located within minutes of a major medical center and numerous medical providers.

•                MH-1 Zoning: Offers flexible development options for future needs.

•                Proven Track Record: Long term tenants, consistent financial history, and well-maintained units all point to a solid investment choice.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,452.00
$9,287.67/mo

Valuation Metrics

0
DSCR
7.48%
Cap Rate
7.48%
ROI
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Due Diligence

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Listing Contacts

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Additional Information
Broker Name
Alla Nikitina
Broker License
AL AL 000111590-0
Brokerage Name
Ryals Realty
Brokerage Address
956 Commerce Loop, Gulf Shores, United States 36542
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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