- Price$300,000
- Beds6
- Baths3
- SQ. Feet5,000
- Acres2.00
- Built2000
3672 Us Highway 29, Brewton
This +/- 2 acre mobile home park is situated near the main area of Brewton, AL. This park currently has the infrastructure to accommodate 10 mobile homes on the lot with the available to put more if desired (up to 14-18 additional units). 2 Mobile Home’s are occupied at a “Friendly” Rental Rate. The others mobile homes have been used for storage and have not been lived in for a while. The park currently has a septic tank and power for up to 10 mobile homes. Some infrastructure will need to be done in order to fill the mobile home park to its maximum. Up to 14-18 pads can be had on this lot with a market rental rate of $400 per pad with tenant paid utilities. Infrastruture needed will include additional septic tanks, water, and power poles. Asking price is based upon Monthly Income opportunity after accounting for cost of infrastructure to maximize NOI. Park Pro Forma: With an estimated $100k of additional infrastructure cost and a projected NOI of $67,200 - $86,400 this park features a lot of potential to create serious cash flow. Minimum projected cap rate after cost of additional infrastructure: 16.8%
Essential Information
- MLS® #356085
- Price$300,000
- Bedrooms6
- Bathrooms3.00
- Full Baths3
- Square Footage5,000
- Acres2.00
- Year Built2000
- TypeResidential Income
- Sub-TypeMulti Family
- StatusActive
Amenities
- AmenitiesNone
- UtilitiesUnderground Utilities, Water Available
- ParkingNone
- ViewNone/Not Applicable
- Boat FacilitiesNone
- WaterfrontNo Waterfront
Exterior
- ExteriorAluminum Siding
- RoofMetal
- ConstructionResale
Listing Details
- Listing OfficeAlliance Real Estate
Community Information
- Address3672 Us Highway 29
- AreaOther Area
- SubdivisionNone
- CityBrewton
- CountyEscambia, AL
- StateAL
- Zip Code36426
Interior
- InteriorVinyl
- AppliancesNone
- CoolingWindow Unit(s)
- # of Stories1
- StoriesOne
School Information
- ElementaryNot Baldwin County
- MiddleNot Baldwin County
- HighNot Baldwin County
The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on April 28th, 2024 at 11:15pm CDT.