3203 Water Ave, Selma, AL 36703

The MHP Value Team at eXp Commercial is pleased to offer for sale Windwood Estates Mobile Home Park, a 52-site mobile home park located on the east side of Selma, right off U.S. Route 80. Seller financing is available with attractive terms: $185,000 down payment, 6% interest rate, 30-year amortization, interest-only payments during the term, and a balloon payment at the end of year 5. This community is being offered at just $7,404 per site, priced well below replacement and development costs, making it an attractive entry point for new investors. The property currently consists of 6 park-owned homes, each rented at $475/month, 1 apartment unit rented at $500/month, 5 vacant park-owned homes that are ready for rehabilitation, and 39 vacant lots with existing infrastructure in place for infill. The primary investment strategy for this asset centers around infill and operational upside—bringing in homes and tenants to occupy the vacant lots, completing the rehab of the remaining 5 units, and ultimately selling off the occupied park-owned homes to tenants to transition toward a tenant-owned model. Additionally, given the property’s direct access and visibility along a major highway, investors may explore the potential to convert the asset into an RV park or incorporate RV usage as part of the business plan. Buyer to independently verify zoning and permitted uses, as this has not been confirmed by ownership or brokers. This is a rare opportunity for an investor to acquire a 52-site community along a major highway at a basis significantly below replacement cost, with clear upside through lease-up, repositioning, and operational improvements in a majority vacant mobile home park.