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Residential Income - Grand Bay, AL
PROFITABLE 6 UNIT MOBILE HOME PARK IN GRAND BAY, ALABAMA on 10 acres, with room for expansion. Current cap rate of around 13% plus additional land for expansion. The park has full occupancy with a steady cash flow. Property Includes 4 MHs (one MH is a duplex), 1 RV Lot, a 3 bedroom, 1 bath house. One of the Mobile homes has been converted to a duplex with 1/1 studio apartment and a 2/1 with a kitchen. The House is newly renovated, and bordered by large azaleas. There is also a maintenance shed on the property for lawn mower storage. Owner furnishes utilities and garbage service to all dwelling units. Tenants furnish their own internet and cable. Typically the park has full occupancy with a steady cash flow. Current dwellings and RV lot are on the front of the property (approx 3 Ac) leaving 7 acres for future expansion. 4-200 amp poles plus service to house. Seller pays most utilities an...
PROFITABLE 6 UNIT MOBILE HOME PARK IN GRAND BAY, ALABAMA on 10 acres, with room for expansion. Current cap rate of around 13% plus additional land for expansion. The park has full occupancy with a steady cash flow. Property Includes 4 MHs (one MH is a duplex), 1 RV Lot, a 3 bedroom, 1 bath house. One of the Mobile homes has been converted to a duplex with 1/1 studio apartment and a 2/1 with a kitchen. The House is newly renovated, and bordered by large azaleas. There is also a maintenance shed on the property for lawn mower storage. Owner furnishes utilities and garbage service to all dwelling units. Tenants furnish their own internet and cable. Typically the park has full occupancy with a steady cash flow. Current dwellings and RV lot are on the front of the property (approx 3 Ac) leaving 7 acres for future expansion. 4-200 amp poles plus service to house. Seller pays most utilities and maintenance. Parking areas near each dwelling. The park is located between Pascagoula, Mississippi and Mobile. Rental data and more information and T12 on request.
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