-
Hayfield MHP | 6410 Hayfield Road, Theodore, AL, 36582
OFFER
ING
MEM
OR
AND
UM
Gayle Belcher Alex KyriazisAdvisor
(205) 369-3600 (251) [email protected]
[email protected]
-
Hayfield MHPCONTENTS
Exclusively Marketed by:
Gayle Belcher
(205) [email protected]
Alex KyriazisAdvisor
(251) [email protected]
We obtained the following information above from sources we
believe to be reliable. However, we have not verified its accuracy
and make no guarantee, warranty or representation about it. It is
submitted subject to the possibility of errors, omissions, change
of price, rental or otherconditions, prior sale, lease or
financing, or withdrawal without notice. We include projections,
opinions, assumptions or estimates for example only, and they may
not represent the current or future performance of the property.
You and your tax and legal advisors should conduct yourown
investigation of the property and transaction.
01 Executive Summary Investment Summary 4 Unit Mix Summary 5
Location Summary 6
02 Property Description Property Features 8 Aerial Map 9
03 Rent Roll Rent Roll 11
04 Financial Analysis Income & Expense Analysis 13
05 Demographics Demographics 15 Demographic Charts 17 Advisor
Profile 19
-
Hayfield M
HP | Executive Sum
mary
Executive Summary
HA
YFIE
LD M
HP
01
......
......
......
......
......
......
......
......
Investment Summary
Unit Mix Summary
Location Summary
-
Hayfield MHP Investment Summary | 04
OFFERING SUMMARYADDRESS 6410 Hayfield Road
Theodore AL 36582COUNTY MobileBUILDING SF 1,200 SFNUMBER OF
UNITS 8YEAR BUILT 2002YEAR RENOVATED 2020
FINANCIAL SUMMARYOFFERING PRICE $440,000PRICE PSF $366.67PRICE
PER UNIT $55,000OCCUPANCY 95.00 %NOI (CURRENT) $56,108NOI (Pro
Forma) $58,627CAP RATE (CURRENT) 12.75 %CAP RATE (Pro Forma) 13.32
%GRM (CURRENT) 6.60GRM (Pro Forma) 6.35
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2020 Population 5,476 28,378
69,2102020 Median HH Income $41,600 $50,401 $54,3412020 Average HH
Income $55,107 $63,792 $72,232
Hayfield Mobile Home Park Description
• -In 19 years since it's inception only had two owners-100%
Occupancy
-Located in an area with High Demand for Rental Property
-Value Add Opportunity
-6 Additional Power Pads for new Trailers to be added
-2 Acres or so of unused land for additional Development to
beconducted
-
Hayfield MHP Unit Mix Summary | 05
Unit Mix # Units Square Feet Current Rent Rent PSF Monthly
Income8 0 $694 $0.00 $5,554
Totals/Averages 8 0 $694 $0.00 $5,554
-
Hayfield MHP Location Summary | 06
Theodore, AL Description
• -Theodore is located near the Metropolitan City of Mobile, AL.
It hasa population of 6,179 people and four constituent
neighborhoods.
-Theodore is neither predominantly blue-collar nor
white-collar,instead having a mixed workforce of both blue-collar
and white-collar jobs. Overall, Theodore is a town of sales and
office workers,service providers, and construction workers and
builders.
-It is a 15 minute drive from Theodore to Downtown Mobile.
Regional Map
Locator Map
-
Hayfield M
HP | Property D
escription
Property Description
HA
YFIE
LD M
HP
02
......
......
......
......
......
......
......
......
Property Features
Aerial Map
Parcel Map
Additional Maps
-
Hayfield MHP Property Features | 08
PROPERTY FEATURESNUMBER OF UNITS 8BUILDING SF 1,200LAND ACRES
3YEAR BUILT 2002YEAR RENOVATED 2020
-
Hayfield MHP Aerial Map | 09
-
Hayfield M
HP | R
ent Roll
Rent Roll
HA
YFIE
LD M
HP
03
......
......
......
......
......
......
......
......
Rent Roll Details
-
Hayfield MHP Rent Roll | 11
Unit Unit Mix Monthly Notes1 $628 Rent Paid Weekly at
$145/week
10 $607 Rent paid weekly at $140/week2 $672 Rent paid weekly at
$155/week3 $693 Rent Paid weekly at $160/week7 $693 Rent paid
weekly at $160/week8 $693 Rent paid weekly at $160/week9 $693 Rent
paid weekly at $160/week
House $875 Monthly RentTotals/Averages $5,554
-
Hayfield M
HP | Financial A
nalysis
Financial Analysis
HA
YFIE
LD M
HP
04
......
......
......
......
......
......
......
......
Income & Expense
-
Hayfield MHP Income & Expense Analysis | 13
INCOME CURRENT PRO FORMAGross Potential Income $66,648
$69,300
Less: General Vacancy $3,332 $3,465
Effective Gross Income $63,316 $65,835
Less: Expenses $7,208 $7,208
Net Operating Income $56,108 $58,627
EXPENSES CURRENT PRO FORMA
Real Estate Taxes $150 $1,198 $150 $1,198
Garbage $247 $1,972 $247 $1,972
Landscaping $450 $3,600 $450 $3,600
Power $55 $438 $55 $438
Total Operating Expense $901 $7,208 $901 $7,208
Expense / SF $6.00 $6.00
% of EGI 11.38 % 10.95 %
Per Unit Per Unit
REVENUE ALLOCATIONCURRENT
DISTRIBUTION OF EXPENSESCURRENT
-
Hayfield M
HP | D
emographics
Demographics
HA
YFIE
LD M
HP
05
......
......
......
......
......
......
......
......
Demographic Details
Demographic Charts
-
Hayfield MHP Demographics | 15
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 5,716 24,335 59,491
2010 Population 5,542 26,606 64,975
2020 Population 5,476 28,378 69,210
2025 Population 5,476 28,990 70,918
2020 African American 657 4,777 13,700
2020 American Indian 25 187 388
2020 Asian 72 697 1,923
2020 Hispanic 413 1,373 2,579
2020 Other Race 165 533 902
2020 White 4,392 21,431 50,768
2020 Multiracial 146 724 1,470
2020-2025: Population: Growth Rate 0.00 % 2.15 % 2.45 %
2020 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 332 1,320 2,811
$15,000-$24,999 291 1,500 3,223
$25,000-$34,999 281 1,082 2,480
$35,000-$49,999 270 1,481 3,667
$50,000-$74,999 372 2,228 5,097
$75,000-$99,999 248 1,394 3,810
$100,000-$149,999 206 1,240 3,511
$150,000-$199,999 76 393 1,237
$200,000 or greater 11 240 989
Median HH Income $41,600 $50,401 $54,341
Average HH Income $55,107 $63,792 $72,232
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 2,302 9,743 23,522
2010 Total Households 2,103 10,203 25,129
2020 Total Households 2,088 10,879 26,825
2025 Total Households 2,093 11,135 27,513
2020 Average Household Size 2.61 2.60 2.57
2000 Owner Occupied Housing 1,468 6,786 16,800
2000 Renter Occupied Housing 694 2,333 5,429
2020 Owner Occupied Housing 1,155 6,850 17,783
2020 Renter Occupied Housing 933 4,029 9,042
2020 Vacant Housing 228 1,050 2,290
2020 Total Housing 2,316 11,929 29,115
2025 Owner Occupied Housing 1,155 6,997 18,196
2025 Renter Occupied Housing 938 4,138 9,317
2025 Vacant Housing 250 1,151 2,511
2025 Total Housing 2,343 12,286 30,024
2020-2025: Households: Growth Rate 0.25 % 2.35 % 2.55 %
Source: esri
-
Hayfield MHP Demographics | 16
2020 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2020 Population Age 30-34 456 2,158 4,979
2020 Population Age 35-39 357 1,829 4,434
2020 Population Age 40-44 333 1,742 4,128
2020 Population Age 45-49 289 1,695 4,201
2020 Population Age 50-54 311 1,677 4,344
2020 Population Age 55-59 349 1,930 5,004
2020 Population Age 60-64 322 1,760 4,761
2020 Population Age 65-69 262 1,532 4,161
2020 Population Age 70-74 242 1,346 3,517
2020 Population Age 75-79 167 885 2,243
2020 Population Age 80-84 95 501 1,483
2020 Population Age 85+ 81 451 1,466
2020 Population Age 18+ 4,119 21,629 54,192
2020 Median Age 36 38 41
2020 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $46,451 $51,289 $53,552
Average Household Income 25-34 $55,761 $61,954 $67,257
Median Household Income 35-44 $56,495 $61,523 $68,700
Average Household Income 35-44 $69,855 $76,803 $85,218
Median Household Income 45-54 $52,162 $58,762 $68,887
Average Household Income 45-54 $63,259 $75,595 $87,222
Median Household Income 55-64 $49,617 $55,424 $62,725
Average Household Income 55-64 $57,054 $67,214 $78,995
Median Household Income 65-74 $33,419 $43,822 $50,641
Average Household Income 65-74 $46,183 $58,291 $67,285
Average Household Income 75+ $35,645 $39,653 $44,773
2025 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2025 Population Age 30-34 395 2,018 4,638
2025 Population Age 35-39 433 2,201 5,341
2025 Population Age 40-44 338 1,831 4,604
2025 Population Age 45-49 320 1,744 4,260
2025 Population Age 50-54 280 1,681 4,252
2025 Population Age 55-59 294 1,652 4,383
2025 Population Age 60-64 326 1,846 4,867
2025 Population Age 65-69 288 1,649 4,533
2025 Population Age 70-74 222 1,360 3,838
2025 Population Age 75-79 197 1,138 3,057
2025 Population Age 80-84 123 682 1,800
2025 Population Age 85+ 85 487 1,605
2025 Population Age 18+ 4,101 22,045 55,606
2025 Median Age 37 39 42
2025 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $46,396 $52,734 $56,182
Average Household Income 25-34 $57,431 $66,248 $73,040
Median Household Income 35-44 $57,022 $66,165 $75,466
Average Household Income 35-44 $72,214 $84,857 $95,068
Median Household Income 45-54 $52,760 $62,169 $75,320
Average Household Income 45-54 $65,999 $83,192 $97,042
Median Household Income 55-64 $50,920 $58,417 $67,559
Average Household Income 55-64 $59,917 $74,038 $87,844
Median Household Income 65-74 $33,825 $46,796 $53,471
Average Household Income 65-74 $48,850 $64,663 $75,591
Average Household Income 75+ $37,251 $43,939 $49,638
-
Hayfield MHP Demographic Charts | 17
1 Mile Radius 3 Mile Radius 5 Mile Radius
2020 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2020 Population by Race
-
Hayfield MHP Demographic Charts | 18
2020 Household Occupancy - 1 Mile Radius
Average Income Median Income
2020 Household Income Average and Median
-
Hayfield MHP Advisor Profile | 19
Gayle Belcher
Gayle Kahn Belcher has owned and operated a successful Property
Management business since1983. She has direct experience in
managing Multifamily and Commercial Properties. Gayle also
hasexperience in both the renovation of buildings as well as
development from the ground up.
Gayle has also represented both Buyers and Sellers in the Sale
of Investment Properties. TheInvestment Properties have been Assets
in the Office, Multifamily, Retail and Specialty AssetClasses. She
is especially helpful in helping clients value their asset of
choice.
Gayle is available to assist you in all your real estate needs
including Investment Sales of MultifamilyProperties, Office
Buildings, Restaurants, Retail Shopping Centers, Tenant
Representation andLandlord Representation.
-
Hayfield MHP Advisor Profile | 20
Alex KyriazisAdvisor
Alex joined the KP team in the Summer of 2018. He graduated the
University of Alabama with adegree in Finance and a specialization
in Real Estate. He brings a good work ethic to this team withmuch
knowledge in the MultiFamily area of Commercial Real Estate, as
well as the Office, Retail, andIndustrial fields.
When it comes to tenant representation, finding a buyer for a
property, or helping list a property, he ismore than willing and
able to satisfy your Investment and Real Estate needs in the most
professionaland productive manner possible.
In his spare time, he enjoys hanging out with his friends and
his girlfriend, watching Alabama Footballand Basketball, and being
outdoors.
-
Hayfield MHP
CONFIDENTIALITY and DISCLAIMERThe information contained in the
following offering memorandum is proprietary andstrictly
confidential. It is intended to be reviewed only by the party
receiving it fromKP Commercial Real Estate and it should not be
made available to any other personor entity without the written
consent of KP Commercial Real Estate.
By taking possession of and reviewing the information contained
herein the recipientagrees to hold and treat all such information
in the strictest confidence. Therecipient further agrees that
recipient will not photocopy or duplicate any part of theoffering
memorandum. If you have no interest in the subject property,
pleasepromptly return this offering memorandum to KP Commercial
Real Estate. Thisoffering memorandum has been prepared to provide
summary, unverified financialand physical information to
prospective purchasers, and to establish only apreliminary level of
interest in the subject property.
The information contained herein is not a substitute for a
thorough due diligenceinvestigation. KP Commercial Real Estate has
not made any investigation, andmakes no warranty or representation
with respect to the income or expenses for thesubject property, the
future projected financial performance of the property, the sizeand
square footage of the property and improvements, the presence or
absence ofcontaminating substances, PCBs or asbestos, the
compliance with local, state andfederal regulations, the physical
condition of the improvements thereon, or financialcondition or
business prospects of any tenant, or any tenant’s plans or
intentions tocontinue its occupancy of the subject property.
The information contained in this offering memorandum has been
obtained fromsources we believe reliable; however, KP Commercial
Real Estate has not verified,and will not verify, any of the
information contained herein, nor has KP CommercialReal Estate
conducted any investigation regarding these matters and makes
nowarranty or representation whatsoever regarding the accuracy or
completeness ofthe information provided. All potential buyers must
take appropriate measures toverify all of the information set forth
herein. Prospective buyers shall be responsiblefor their costs and
expenses of investigating the subject property.
Exclusively Marketed by:
Gayle Belcher
(205) [email protected]
Alex KyriazisAdvisor
(251) [email protected]
