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3672 US Highway 29
Brewton AL 36426 US

$300,000

Active Listing ID 356085
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6 bed
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3.00 Bath (3 Full Bath)
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Other

$300,000

Active Listing ID 356085
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3672 US Highway 29 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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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Cooling System: Window Unit(s) A/C
  • Floor Covering: Vinyl
  • Roof Type: Metal

School Information

  • School
  • Not Baldwin County(Elementary)
  • Not Baldwin County(MiddleSchool)
  • Not Baldwin County(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 300000
  • unparsedaddress: 3672 US Highway 29
  • postalcity: Brewton
  • stateorprovince: AL
  • country: US
  • postalcode: 36426
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 5000
  • livingareaunits: Square Feet
  • listagentfullname: David Wu
  • listagentemail: dwu6688@gmail.com
  • listagentkey: 3yd-BCARAL-103054
  • listagentmlsid: 103054
  • listagentpreferredphone: 8503939455
  • listagentofficephone: 8503939455
  • listofficekey: 3yd-BCARAL-1990
  • listagentstatelicense: 80550
  • listofficemlsid: 1990
  • disclaimer: Copyright © 2024 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BCARAL
  • listingcontractdate: 2023-12-04
  • countyorparish: Escambia, AL
  • parcelnumber: 751141484
  • elementaryschool: Not Baldwin County
  • highschool: Not Baldwin County
  • appliances: None
  • cooling: Window Unit(s) A/C
  • flooring: Vinyl
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Metal
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 2:11:29 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: David Wu, Alliance Real Estate, dwu6688@gmail.com

Copyright © 2024 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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