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RV Park

Bellingrath RV Park & Bellingrath Heights Mobile Home Park

7690 Bellingrath Rd, Theodore, AL 36582

Listing Price: $5,000,000

Cap Rate
9.00%
Number of Spaces
93
Lot Size
116.57 acres
Occupancy
100.0%
Price/Space
$53,763
Spaces/Acre
0.80
Year Built
1998

Investment Overview

This is a two-park portfolio that includes a high performing RV park and mobile home park. They are located less than two miles from each other and the RV park has 100 acres of developable land. The RV park has features including a playground, pool, new asphalt driveway, new bath house and office, new laundry room, party shelter, and 24-hour security. Bellingrath is located +- four miles from I-10, +-25 miles from Dauphin Island, +- 15 miles from Mobile. Th RV Park and Mobile Home Park are operated as long-term stay units. The property is in excellent condition with consistent updates.

Investment Highlights

  • Established Long-Term RV Park With Approximately 100 Developable Acres.
  • The Portfolio Includes A Mobile Home Park That Has A Waiting List. The Mobile Home Park Is Located 1.7 Miles From RV Park, Allowing For Ease Of Management.
  • Both Properties Have City Water And Sewage.
  • Upside To Increasing Rent To Meet The Market.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

RV Park

Bellingrath RV Park & Bellingrath Heights Mobile Home Park

Listing Price: $5,000,000

Cap Rate
9.00%
Number of Spaces
93
Lot Size
116.57 acres
Occupancy
100.0%
Price/Space
$53,763
Spaces/Acre
0.80
Year Built
1998

Investment Highlights

  • Established Long-Term RV Park With Approximately 100 Developable Acres.
  • The Portfolio Includes A Mobile Home Park That Has A Waiting List. The Mobile Home Park Is Located 1.7 Miles From RV Park, Allowing For Ease Of Management.
  • Both Properties Have City Water And Sewage.
  • Upside To Increasing Rent To Meet The Market.

Investment Overview

This is a two-park portfolio that includes a high performing RV park and mobile home park. They are located less than two miles from each other and the RV park has 100 acres of developable land. The RV park has features including a playground, pool, new asphalt driveway, new bath house and office, new laundry room, party shelter, and 24-hour security. Bellingrath is located +- four miles from I-10, +-25 miles from Dauphin Island, +- 15 miles from Mobile. Th RV Park and Mobile Home Park are operated as long-term stay units. The property is in excellent condition with consistent updates.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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