12 Private Road 1308 - Apartments FOR SALE


Elba, AL 36323
$219,000 USD
334-300-8441
12 Private Road 1308, Elba, AL for Sale
$219,000 USD
Apartments - FOR SALE
1/73
null | Request Cap Rate

12 Private Road 1308
Elba, AL 36323


HIGHLIGHTS

  • 6.2 Acres of Land
  • Mobile Home Park
  • Great Investment Opportunity
  • All the homes are HUD approved and in good condition

OVERVIEW

Mobile home park that sits on 6.2 acres MOL of land. This is an amazing investment opportunity. The sellers live close to the park and have done a wonderful job with it. There are 6 units in the park itself. There is also 40x30 storage barn on the property that comes with the park. The Sellers keep the park rented and usually have a waiting list. All the homes are HUD approved and in good condition. The appliances are newer as are the A/C units. There are 3 pecan trees on the property. The property is on county water and there are 4 septic tanks for the 6 units and they have been pumped and inspected recently. The number of bathrooms reflect the combined total of bathrooms in each mobile home. There are three parcel numbers for the sale of this property. The parcel numbers are as follows: 19-05-06-13-0-000-003.012, 19-05-06-13-0-000-003.006, 19-05-06-13-0-000-003.010 and part of 19-05-06-13-0-000-003.001. Property is also listed for sale as a Commercial listing, please see MLS#554695. There is a brick home with 1.09 acres MOL that is to the right of the park. See MLS#: 554696 for the listing information. This home is being sold separately but the owners would love to sell it with the park and will consider offers if the purchaser is interested. The all-brick home has 3 bedrooms and 1 full bathroom with 1,375 square feet of living space. The bathroom has two doors so it can be opened into the main bedroom. Nice kitchen with lots of cabinets and a great island with more cabinets. The refrigerator will remain and there is a newer stove. The 1-car garage was closed in and has been currently used for storage and is not heated and cooled. The main flooring is linoleum with carpet in the bedrooms. The roof is 2 years old, and A/C is about 5 years old. There is an active well on the property, but home is currently hooked up to county water. There are 4 producing pecan trees on the property. Property is currently not rented.

FOR SALE DETAILS

PRICE

$219,000 USD

PRICE/SF

$2 USD /SF

# OF UNITS

6

PRICE/UNIT

$36,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,072 SF

ZONING

Residential

APN/PARCEL ID

19-05-06-13-0-000-003.001,19-05-06-13-0-000-003.006,19-05-06-13-0-000-003.010,19-05-06-13-0-000-003.012

ASK ABOUT THIS PROPERTY

Linda SimmonsTeam Linda Simmons Real EstateMore Info
334-300-8441

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Linda SimmonsTeam Linda Simmons Real EstateMore Info
334-300-8441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.