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351 Ima Lane, Atmore, AL

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351 Ima Lane

Atmore, AL 36502

Property Type:Multi-Family Number of Units:12 Status:Proposed Year Built:2018
Stories:1 Building Size:18,000 SF Land Area:8 AC (348,480 SF)
For Sale Price:$375,000 Price/Unit:$31,250.00 Cap Rate:4.00 % GRM:-


Sale Notes:
ATMORE, AL! INVESTMENT PROPERTY. This 8 acre property has 12 mobile home located on it with the seller owning 9 of the mobile homes. The ages of the mobile homes are 1982,1985,1988,1993,1994,1996,1997,1998,2001. (2) are double wide's and (7) single wide. Seller has remodeled all mobiles homes except for one, and put 3 New Metal Roofs on (3) homes on Tish Lane. Presently ready to add (6) more mobile homes with just electrical meters added, septic tanks are in replace. Seller states if you would want to reposition the mobile homes you could have a total of (40) units on this acreage. It is conveniently located about a 1/2 of a mile from Wind Creek Casino and Hotel. This property yields a monthly income presently of just $4,400 not including the 4 remaining lots still available to rent. Which the lots rent for $200.00. Electric, water & sewer ready on 9 units. Seller is retiring.

PHD Realty
Patty Helton-Davis
(251) 368-1063

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