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Kotohomes partnered with:
Dothan Eagle
For Sale For Rent
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.6
open houses
Open Houses
-
year built
year built
1997
full baths
Full Baths
0
half baths
Half Baths
0
Investors - take note! This is a rare opportunity to own a high-cash-flow mobile home park generating $76,600 annually in gross rents, with the potential to increase to $91,000 by adjusting rents to include the owner's residence. Situated on a 0.6-acre lot just off Transmitter Road, this park is conveniently located near thriving businesses. The property includes six mobile homes, all of which are currently leased on month-to-month agreements. Updates include all-new metal roofs installed since 2019, new skirting, and additioal improvements throughout the units, enhancing their durability and appeal. Each unit is metered separately, with tenants responsible for paying their own utilities, reducing operating expenses for the owner. 2024 expenses approx. $11,322; 2024 projected NOI for 5 units is $65,278. When including the owners unit (6 units total) possible NOI is $79,678. With a 10%+ CAP rate, this low-maintenance property is primed for stable cash flow and significant ROI. Opportunities like this are rare--contact us today to secure this proven income generator!
Location
Subdivision [no Recorded Subdiv]
County Bay
Elementary School Cedar Grove
Middle School Merritt Brown
High School Bay
open houses Open houses
None scheduled.
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MLS number: 766104
Listing agent: Michael S Werner #3266388
Listing broker: Keller Williams Success Realty (850) 249-0313
Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Friday, December 13 2024 at 5:03 p.m. EST
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