4 Acres Lot
4 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID 7475623
Annual Tax Amount $982
Tax Year 982
Lot Size 4.000 Acres
Property Description
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!
Location
State AL
County Mobile - Al
Direction Located south of Highway 90 on Henderson Camp Rd.
Interior
Heating None
Cooling None
Exterior
Fence None
Community Features None
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View Trees/Woods
Roof Type Other
Building
Lot Description Other
Sewer Septic Tank
Water Public
Level or Stories One
Schools
Elementary Schools Cora Castlen
Middle Schools Grand Bay
High Schools Alma Bryant
Others
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
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