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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:
Mobile Home Park - Near Hwy 21 and WindCreek Hotel

ATMORE, AL - INVESTMENT PROPERTY - This 8 acre property has 12 mobile homes 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 wides and (7) single wide. Seller has remodeled all mobile homes except for one, and put 3 New Metal Roofs on (3) homes on Tish Lane. Presently ready to add (9) more mobile homes with just electrical meters added, septic ranks are in place. 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 half mile from WindCreek Hotel & Casino. This property yields a monthly income presently of $4400. This does not include the 4 remaining lots still available to rent. The lots rent for $200. Electric, water and sewer ready on 9 units. Seller is retiring.

Very fast moving area...within clear view of the Windcreek Hotel & Casino, property adjoins property that is owned by the Poarch Creek Band of Indians.

PHD Realty
Patty Helton-Davis
(205) 234-7689

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