1205 E 4th Ave - Manufactured Housing/Mobile Housing FOR SALE


York, AL 36925
$595,000 USD
530-237-9298
1205 E 4th Ave, York, AL for Sale
$595,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | Request Cap Rate

1205 E 4th Ave
York, AL 36925


HIGHLIGHTS

  • NEWER PARK BUILT IN 1995 WITH CITY WATER AND CITY SEWER UTILITIES (ALL PUBLIC UTILITIES DIRECTLY BILLED TO TENANTS INCLUDING TRASH COLLECTION)
  • GROUNDSKEEPER LIVES ON SITE. GROUNDSKEEPER MAINTAINS THE VACANT LOTS, AND AREAS NOT OCCUPIED BY TENANTS GIVING YOU MORE FREEDOM AWAY FROM THE PROPERTY
  • PROXIMITY TO WALMART, ELEMENTARY, MIDDLE AND HIGH SCHOOL. NEAR THE INTESTATE FWY A DESIRABLE ASSET WHEN IT COMES TO COMMUTING AND CONVENIENCE.
  • LONG TERM LOT RENTERS. MAJORITY OF TENANTS HAVE RESIDED HERE FOR OVER 20 YEARS AND TAKE GREAT PRIDE IN MAINTAINING THEIR LOT AND TRAILER
  • 100% PASSIVE INCOME, MINIMAL EXPENSES INCLUDING PROPERTY TAXES, RESULTING IN A VERY DESIRABLE ASSET TO OWN
  • MINUTES FROM TUSCALOOSA ALABAMA AND MERIDIAN MISSISSIPPI. FAMILY FRIENDLY COMMUNITY WHERE FAMILIES BBQ TOGETHER YET MINUTES AWAY FROM THE CITY LIFE.

OVERVIEW

Newer Park Built in 1995 with City Water and City Sewer Utilities Great Property for Passive Income. You can be anywhere in the world and your tenants will pay you like clockwork electronically! The best part is the property has very few expenses, which makes it a desirable asset to own. 45 Total Lots. Currently 29 lots are occupied with lot renters. Every lot renting tenant is responsible for their own utilities ( electricity, water, sewer ) trash removal, and even landscaping. 16 Vacant lots ready for trailers with individual water and electricity meters in place. Tenants take care of their own trailer repairs, and have great pride in maintaining them. Long term lot renters who have resided on the property, many for 20 years now Huge value add and upside potential

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$13 USD /SF

# OF UNITS

45

PRICE/UNIT

$13,222

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

45 SPACIOUS LOTS CASH FLOWING VALUE ADD PARK

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.29 AC

LAND SF

491,792 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dr. SharmaNS Equity LLCMore Info
530-237-9298

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Dr. SharmaNS Equity LLCMore Info
530-237-9298

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