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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 | 29 | 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 |
| ADDITIONAL DETAILS | |
| 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 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Leah Austin with Elite Real Estate Mobile
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