Multi-Family Space For Lease @ 13381 Lipscomb Rd

THE MAGNOLIA RV PARK IS A 48 LOT RV PARK THAT SITS ON A 4.9 ACRE LOT IN MAGNOLIA SPRINGS ALABAMA. THE PROPERTY IS JUST 20-25 MINS FROM WOULD FAMOUS GULF BEACHES, ALABAMA’S #1 TOURIST ATTRACTION. THE PARK HAS BEEN RECENTLY UPDATE AND IS IN IMMACULATE CONDITION. THE PARK HAS AN AVERAGE OCCUPANCY OF OVER 82%, WITH STEADY OCCUPANCY YEAR-ROUND. THE PARK HAS IMMENSE UPSIDE AS THE AVERAGE DAILY AND MONTHLY RATES ARE SOME OF THE LOWEST IN THE ENTIRE AREA. MAGNOLIA FARMS CURRENTLY CHARGES APPROXIMATELY $470 PER MONTH AND $40 A NIGHT, OTHER PARKS IN THE AREA CHARGE AN AVERAGE OF $550 PER MONTH AND $65 A NIGHT!

THE SELLER IS OFFERING AMAZING SELLER FINANCING TERMS THAT MAKES THIS DEAL EVEN MORE ATTRACTIVE FOR AN INVESTOR. APPROXIMATE SELLER FINANCING TERMS ARE AS FOLLOWS: $550,000 DOWN PAYMENT, 4.5% FIXED IR, INTEREST ONLY PAYMENTS, 5-YEAR BALLOON. YOU CAN'T FIND FINANCING THIS GOOD ANYWHERE ELSE IN THE CURRENT MARET. (PLEASE SEE PAGE 3 FOR THE FULL SELLER FINANCING DETAILS.)

CURRENTLY, THIS AMAZING INVESTMENT OPPORTUNITY HAS AN IN-PLACE CAP RATE OF OVER 13% AND A CASH-ON-CASH RETURN OF OVER 21%. DUE TO THE UNDER MARKET RENTAL RATES, THE PARK HAS MASSIVE UPSIDE FOR AN INVESTOR AS THEY CAN EASILY INCREASE THE RENTAL RATES TO THE MARKET AVERAGE. A BUYER CAN OBTAIN A CAP RATE OF OVER 15% AND A CASH-ON-CASH RETURN OF OVER 26% IN 2022, JUST BY BRINGING THE NIGHTLY AND MONTHLY RENTAL RATES TO THE MARKET AVERAGE!

THESE ARE SOME OF THE BEST RETURNS YOU CAN FIND ANYWHERE IN THE COUNTRY RIGHT NOW! GIVEN ITS IMMACULATE CONDITION, RECENT IMPROVEMENTS, INCREDIBLE DEMAND AND, ITS LOCATION, THIS ASSET WILL ONLY INCREASE IN VALUE OVER TIME. THERE IS ALSO OVER .5 ARCES OF UNDEVELOPED LAND DIRECTLY NEXT TO THE RV PARK THAT IS INCLUDED IN THE SALE FOR A BUYER TO USE IN THE FUTURE!

SELLER FINANCING APPROXIMATE TERMS:

DOWN PAYMENT: $550,000!

FIXED INTEREST RATE: 4.5%

INTEREST ONLY PAYMENTS OR

AN AMORTIZATION OF 30-YEARS

BALLOON LENGTH: 5- YEARS

MONTHLY DEBT SERVICE AS LOW AS $ 1,979!

MAGNOLIA FARMS RV PARK SITS ON 4.9 ACRES WITH 48 SITES, WITH THE MAJORITY OF THE SITES BEING 50-AMP HOOKUPS. THE HIGH-END AMENITIES THE PARK OFFERS HAVE LED TO FANTASTIC OCCUPANCY RATES CONSISTENTLY YEAR OVER YEAR. THE PARK EVEN HAS A LONG WAITING LIST WITH MANY ARE RETURNING CUSTOMERS! DEMAND IS SO HIGH THAT OWNERSHIP REGULARLY HAS TO TURN PEOPLE AWAY DURING THE WINTER MONTHS (OCT-MAY)! THIS AMAZING DEMAND HAS LED TO THE PARK BEING A CASH COW WITH AN IN-PLACE CAP RATE OF OVER 13%! THE RETURNS WILL ONLY INCREASE AS THE CURRENT RENTAL RATES ARE EXTREMELY LOW COMPARED TO OTHER RV PARKS IN THE AREA!

AMENITIES: THE PARK HAS CABLE, WIFI, AND PROVIDES FULL HOOK UP ACCESS FOR ALL CUSTOMERS, CLUBHOUSE FOR GUESTS, LAUNDRY AND OTHER ACTIVITIES SUCH AS A FIRE PIT AND KAYAK RENTALS, AND A HORSESHOE AREA. THE PARK ALSO HAS RESTROOMS WITH SHOWER ACCESS. UTILITIES: DESPITE OWNER PAYING FOR ALL UTILITIES AND WATER EXPENSE, IT IS ENTIRELY COVERED BY GUESTS AS PART OF THE RENTAL RATE THEY CHARGE GUESTS WITH ZERO NET COST TO THE OWNER.

MANAGEMENT: TURN-KEY OPERATION! CAREFULLY MANAGED BY TENANTS WHO LIVE ON SITE, PROVIDING AROUND THE CLOCK SECURITY AND HELP FOR ALL GUESTS. 3 MANAGERS LIVE ON-SITE (UNITS A19, B12 AND, C14) WHO HELP RUN THE DAY-TO-DAY OPERATIONS IN EXCHANGE FOR FREE MONTHLY RENT. THIS IS A HUGE BENEFIT FOR AN OUT OF STATE INVESTOR AS THEY CAN FEEL COMFORTABLE KNOWING THE PARK IS BEING CARED FOR 24/7, ALL THE WHILE NOT HAVING ANY EXTRA MANAGEMENT FEES. THE MAINTENANCE STAFF IS WILLING TO STAY ON BOARD AND CONTINUE TO HELP THE NEW OWNER AFTER CLOSING, THERE ARE ALSO TWO SETS OF WORK CAMPERS WILL BE INCLUDED IN THE SALE.

RECENT RENOVATIONS AND UPDATES TO THE PARK INCLUDE BUT ARE NOT LIMITED TOO: IMPLEMENTED FIBER OPTIC WIFI, OWNERS RV COMES WITH SALE OF PROPERTY (2015 GRAND DESIGN SOLITUDE, ADDED 4 RV SPOTS TO THE PARK, NEW PLUMBING AND NEW ELECTRICAL BOXES AT THE PROPERTY, NEW LANDSCAPING, NEW SIGNS AT THE FRONT OF THE PARK WHERE GUESTS ENTER, NEW CLUBHOUSE FOR GUESTS TO USE, NEW PICNIC AREA, NEW LAUNDRY FACILITY, NEW ROADS INSIDE THE PARK AND MUCH MORE!

LOCATION: THIS CASH-FLOWING MACHINE IS LOCATED IN FOLEY, ALABAMA WITH 5 MILLION TOURISTS THAT VISIT EVERY YEAR AND IS ONLY A 25-MINUTE DRIVE TO GULF SHORE BEACHES. ATTRACTIONS INCLUDE OWA (ROLLER COASTER PARK), MINIATURE PUTT-PUTT, GO-KARTS, AND SHOPPING MALLS ON US-HIGHWAY 59. WE CALL THIS THE “VEGAS STRIP” OF FOLEY, ALABAMA. THIS IS WHERE MANY RESTAURANTS ARE LOCATED FOR GUESTS TO ENJOY. BALDWIN COUNTY IS THE FASTEST GROWING COUNTY IN ALABAMA! LARGE VARIETY OF ATTRACTIONS TO TOURISTS. 40 MINUTES FROM PENSACOLA BEACH, AND 55 MINUTES FROM MOBILE, ALABAMA, AND THE USS ALABAMA (MUSEUM). This space offers accomodations for: mobile home park.