Investment Property

Multi-Family for Sale
Catylist Listing ID: 30700307
Property Subtypes: Mobile Home Park
Number of Units: 12 Units
Building Size (RSF): 1,460 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $54,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

Income property with 11 mobile homes and 1 small 2 BR home or office. 9 Mobile homes have recently been renovated, and the remaining units are in good condition. All roofs have been replaced or cleaned and 5 recoated with cool-white elastomeric.

Current gross monthly income is $8,159
Projected gross monthly income as of 1/1/2021.....$8,159.

Monthly expenses: Water, sewer and trash $1,050
Power (1 pole light) $ 20
Landscaping & pest control $ 300
Estimated property taxes $ 400
Repairs and replacement $ 500
Property Manager $ 300

Projected net monthly income $ 5,589.

Additional Details

Nearest MSA: Mobile
County: Escambia

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,130 7,118 10,897
Median Age: 34.63 36.8 37.59
Households: 895 2,921 4,371


Photograph of Listing Agent

Ann Gordon

FirstSouth Properties Gulf Coast CMLS Member
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