10035 County Road 83, Elberta, AL

Name: 10035 County Road 83, For Sale in Elberta - Zoocasa
Brand: VPR United Real Estate LLC
SKU: 409142
Price: 990000 USD

House

For Sale

Listed price in listed location currency (USD).

$990,000

000

MLS® 409142

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 9

Lot Size

Approx. Age

MLS® Number 409142

Property Address: 10035 County Road 83, Elberta, AL, 36530-4654

Average square foot calculated using Size range provided by listing agent.

Description

Income-producing mobile home park investment opportunity in Elberta, Alabama! Located at 10035 County Road 83, this property features 12 existing lots with 11 older mobile homes currently in place. Most homes are 2-bedroom, 1-bath units, with one 2-bedroom, 2-bath home and one 3-bedroom, 2-bath home. Parcel is zoned R-3 and is over 3.5 acres. The property is currently generating nearly $10, 000 per month in gross rental income, with significant upside potential. With improvements, renovations, and active management, the property has the potential to generate approximately $13, 000 per month in gross revenue. One additional home located on the 12th lot requires major renovation, presenting another value-add opportunity. The parcel also offers potential room to develop up to two additional lots, subject to buyer verification, zoning, permitting, utility availability, and any required approvals. Operating costs are currently low. A well provides water to all units, with an approximate $125 per month electric cost to operate the well. The homes are served by septic tanks, and a trash dumpster is provided for tenants at an approximate cost of $300 per month. Current property taxes and annual mobile home tag renewals are also low. No insurance is currently carried on the mobile homes. Conveniently located in the growing Elberta/Foley area and within easy reach of Baldwin County's beaches, shopping, dining, and employment centers, this property offers an excellent opportunity for an investor seeking immediate cash flow with substantial upside potential. The older mobile homes provide opportunities for renovation, improved management, and increased rental income. Please do not access property without an appt. Buyer to verify all information deemed important during due diligence, including income, expenses, occupancy, lot capacity, zoning, utilities, septic systems, property taxes, tag costs, insurance requirements, condition of improvements, and development potential. Buyer to verify all information during due diligence.

MLS® Number409142

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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