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20 Elcar Circle, Montgomery, AL

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20 Elcar Circle

Montgomery, AL 36108-2002 - West MF Submarket

Property Type:Multi-Family Number of Units:92 Status:Existing Year Built:-
Stories:- Building Size:85,000 SF Land Area:8.5 AC (370,260 SF)
For Sale Price:$1,589,000 Price/Unit:$17,271.74 Cap Rate:9.75 % GRM:-


Sale Notes:
100% occupied MHP with waiting list. 92 Pads, with 74 Park owned homes. Vacant Pads rent for $175 per month. Park owned homes vary but average only $375 which includes lot rental. Water is individually metered. Tenants pay their own utilities, Trash service is Park provided. NOI of $166,711 reflects a 10% management fee expense to replace owner/manager who takes no salary. Office has a laundromat/Vending area attached that has been closed and could be reopened.

Commercial Properties, Inc.
Tim B Fletcher
(334) 272-1001

Thomas Crews
(334) 272-1001

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