Peaceful 3.84 Acres with Established RV/Camper Rentals in Grand Bay
This serene 3.84-acre property in Grand Bay offers a unique investment opportunity with two (2)Manufactured homes, six (6) RV's of varying age and design, and two (2) recently vacated spots for a total of ten (10) rentable spots. Water, trash pickup, electricity and internet are currently included in the space rental providing an attractive feature for tenants. Bring your own camper or RV! The property includes 7 well-maintained septic tanks that were last inspected in 2022. The power poles, each serving two tenants, are for added convenience.
With a 10% cap rate, a gross income of $3,250 per month, generating $39,000 gross annually, this property offers a steady cash flow and minimal upkeep, making it a great opportunity for investors seeking a high-return, low-maintenance asset. There is still one mobile home currently vacant that rents for $1000 per month which could generate $12,000 additional gross income annually. Lastly, there are 2 other open spaces available for additional rental revenue. The current owner's goal is to net $500 per space and the park is well on its way to achieving this goal
Owner financing available with acceptable terms and down payment!
DAYS ON MARKET
|
40
|
LAST UPDATED
|
10/23/2024
|
TRACT
|
Metes & Bounds
|
YEAR BUILT
|
0
|
COUNTY
|
Mobile - AL
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
Elementary School |
Cora Castlen |
Jr. High School |
Grand Bay |
High School |
Alma Bryant |
AIR |
None |
CONSTRUCTION |
Other, Vinyl Siding |
HEAT |
None |
LOT |
4 acre(s) |
LOT DESCRIPTION |
Other |
PARKING |
Varies by Unit |
SEWER |
Septic Tank |
STORIES |
1 |
SUBDIVISION |
Metes & Bounds |
TAXES |
982 |
UTILITIES |
Electricity Available, Sewer Available, Water Available |
VIEW |
Yes |
VIEW DESCRIPTION |
Trees/Woods |
WATER |
Public |
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Listing provided by Leah Austin with Elite Real Estate Mobile
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2024.
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