1745 County 48 rd - Manufactured Housing/Mobile Housing FOR SALE


Russellville, AL 35654
$450,000 USD
423-313-2178
1745 County 48 rd, Russellville, AL for Sale
$450,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 15.09% Cap Rate

1745 County 48 rd
Russellville, AL 35654


HIGHLIGHTS

  • Long-Term low rents can be easly raised to make for 16 CAP %
  • All Unit individually metered for water and electric
  • Owner does not pay for garbage

OVERVIEW

No owner financing, price firm. 12 Park owned Homes with 13 lots total, 1.8 Acres +/-. One extra lot that has a water meter and Septic already Just add a pole., All Tenants pay their own water electric and trash. It brings in 7,000.00 Per month currently but has some low rents 450.00 from long-term tenants and could be raised to a 16% CAP just updating a few units to 750.00 per unit. Every one pays well and timely. On Septic. Upside potential to get rents up for a much higher return. SEE FINANCIAL SUMMARY PDF ATTACHED

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

12

PRICE/UNIT

$37,500

CAP RATE

15.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15% CAP W/ HIGH UPSIDE 16% to 17%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

-

APN/PARCEL ID

02-08-27-0-000-016.003-0

ASK ABOUT THIS PROPERTY

Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

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Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

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