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3672 Us Highway 29

Brewton, AL 36426
  • $300,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 356085
UPDATED: 43 min ago
$300,000
  • 6
    BEDS
  • 2
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2000
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This +/- 2 acre mobile home park is situated near the main area of Brewton, AL. This park currently has the infrastructure to accommodate 10 mobile homes on the lot with the available to put more if desired (up to 14-18 additional units). 2 Mobile Home's are occupied at a "Friendly" Rental Rate. The others mobile homes have been used for storage and have not been lived in for a while. The park currently has a septic tank and power for up to 10 mobile homes. Some infrastructure will need to be done in order to fill the mobile home park to its maximum. Up to 14-18 pads can be had on this lot with a market rental rate of $400 per pad with tenant paid utilities. Infrastruture needed will include additional septic tanks, water, and power poles. Asking price is based upon Monthly Income opportunity after accounting for cost of infrastructure to maximize NOI. Park Pro Forma: With an estimated $100k of additional infrastructure cost and a projected NOI of $67,200 - $86,400 this park features a lot of potential to create serious cash flow. Minimum projected cap rate after cost of additional infrastructure: 16.8%

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Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Joy Sullivan Realty. Data last updated 2024-02-25T10:27:38.51.
www.joysullivanrealty.com/homes/146520229
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3672 Us Highway 29 Brewton, AL 36426

  • Price: $300,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 43 min ago
  • MLS #: 356085
6
Beds
3
Baths
0
½ Baths
2
Acres
5,000
SQFT
$60
$/SQFT
2000
Built
Neighborhood:
None
County:
Escambia, Al
Area:
Other Area
Elementary School:
Not Baldwin County
Middle School:
Not Baldwin County
High School:
Not Baldwin County
Property Description
This +/- 2 acre mobile home park is situated near the main area of Brewton, AL. This park currently has the infrastructure to accommodate 10 mobile homes on the lot with the available to put more if desired (up to 14-18 additional units). 2 Mobile Home's are occupied at a "Friendly" Rental Rate. The others mobile homes have been used for storage and have not been lived in for a while. The park currently has a septic tank and power for up to 10 mobile homes. Some infrastructure will need to be done in order to fill the mobile home park to its maximum. Up to 14-18 pads can be had on this lot with a market rental rate of $400 per pad with tenant paid utilities. Infrastruture needed will include additional septic tanks, water, and power poles. Asking price is based upon Monthly Income opportunity after accounting for cost of infrastructure to maximize NOI. Park Pro Forma: With an estimated $100k of additional infrastructure cost and a projected NOI of $67,200 - $86,400 this park features a lot of potential to create serious cash flow. Minimum projected cap rate after cost of additional infrastructure: 16.8%
Exterior Features

Attached Garage YN No Boat Facilities None Carport YN No Construction Materials Aluminum Siding Garage YN No Levels One Parking Features None Roof Metal View None/Not Applicable View YN No Waterfront Features No Waterfront Waterfront YN No

Interior Features

Appliances None Bedroom2 Level Main Bedroom4 Level Main Bedroom5 Level Main Building Area Total 5000 Cooling Window Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Vinyl Heating YN No Kitchen Level Main Master Bedroom Level Main

Property Features

Association YN No Community Features None Electric Alabama Power New Construction YN No Ownership Whole/Full Property Condition Resale Property Sub Type Multi Family Structure Type Single Story Tax Annual Amount 0 Utilities Underground UtilitiesWater Available

Listing provided by Alliance Real Estate: . Listing information © 2024 Baldwin County Association of REALTORS® MLS.


Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Joy Sullivan Realty. Data last updated 2024-02-25T10:27:38.51.
 
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Foley AL, 36535