Listing Courtesy of: Leah Austin - Elite Real Estate Mobile 251-725-0599

Address not provided Grand Bay, AL 36541

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Multi-Family Residence
Beds
Baths
Sq. Ft.
4 Acre Lot

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Last updated on 11/28/2024 10:00 AM
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. W...ater, 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! Continue reading
MLS#
7475623
Property Type
Multi-Family
Lot Size
4
Stories
1.0
Sewer
Holding Tank

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Listing Courtesy of: Leah Austin - Elite Real Estate Mobile 251-725-0599
Andrea D. Conner, License 000112954-0, Xome Inc., License C000100267, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


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This content last refreshed on 11/28/2024 10:00 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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