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Residential Income - Grand Bay, AL

Mobile Home Park in Grand Bay with room for expansion on 10 acres. Current cap rate of around 8%. Property Includes 4 MHs, 1 RV Lot and a 2 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 making a total of 6 dwelling units and the rentable RV lot. The House, currently under refreshing, is bordered by large azaleas and has direct access to paved public road. Other dwellings use the private gravel drive from the main public road. 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 or 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. 3- 200 amp poles plus ...

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Azalea Real Estate Agency

License #9885

Grand Bay, AL

(251) 656-4576

Aleta Boudreaux

Azalea Real Estate Agency
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Azalea Real Estate Agency, (251) 865-4266
MLS# 7505747
Listing status: Active
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