Grand Bay AL Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4 Acres
- Baths:
- MLS#:
- 7475623
- Subdivision:
- Metes & Bounds
ADDITIONAL INFORMATION
Peaceful 3.84 Acres with Established RV/Camper Rentals in Grand Bay This serene 3.84-acre property in Grand Bay offers a unique investment opportunity with two (2)Manufactured homes, six (6) RV’s of varying age and design, and two (2) recently vacated spots for a total of ten (10) rentable spots. Water, trash pickup, electricity and internet are currently included in the space rental providing an attractive feature for tenants. Bring your own camper or RV! The property includes 7 well-maintained septic tanks that were last inspected in 2022. The power poles, each serving two tenants, are for added convenience. With a 10% cap rate, a gross income of $3,250 per month, generating $39,000 gross annually, this property offers a steady cash flow and minimal upkeep, making it a great opportunity for investors seeking a high-return, low-maintenance asset. There is still one mobile home currently vacant that rents for $1000 per month which could generate $12,000 additional gross income annually. Lastly, there are 2 other open spaces available for additional rental revenue. The current owner's goal is to net $500 per space and the park is well on its way to achieving this goal Owner financing available with acceptable terms and down payment!
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Grand Bay Real Estate
The median home value in Grand Bay, AL is $270,000. This is higher than the county median home value of $169,700. The national median home value is $338,100. The average price of homes sold in Grand Bay, AL is $270,000. Approximately 61.53% of Grand Bay homes are owned, compared to 13.18% rented, while 25.29% are vacant. Grand Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grand Bay real estate agent to arrange a tour today!
Grand Bay, Alabama has a population of 3,433. Grand Bay is less family-centric than the surrounding county with 23.62% of the households containing married families with children. The county average for households married with children is 27.7%.
The median household income in Grand Bay, Alabama is $71,167. The median household income for the surrounding county is $51,169 compared to the national median of $69,021. The median age of people living in Grand Bay is 40.8 years.
Grand Bay Weather
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 39 degrees. The average rainfall is approximately 65.5 inches per year, with 0.1 inches of snow per year.