Six Mobile Homes. Income property on West Lott Road in Eight Mile, Mobile MSA. Six mobile homes generate stable rental income. Gross Annual Rent: $53,400. Annual Expenses: $5,710. NOI: $47,690. Cap Rate: ~14.7%. 4.66 acres, flat, mostly clear, with the ability to add 7 pads. Asphalt driveway, power, and water lines are in place. Strong cash flow, high yield, and low overhead.
Property Features
Cooling Information
Ceiling Fan(s)
Central Air
Utilities
Electricity Available
Water Available
Heating Information
Central
House Interior
Other
Parking
None
Basement
None
Listing Courtesy: IXL Real Estate LLC - 251-265-1230