Courtesy of: Rashmi Lumpkin, IXL Real Estate LLC, Rlumpkin2021@gmail.com
Courtesy of: Rashmi Lumpkin, IXL Real Estate LLC, Rlumpkin2021@gmail.com
$325,000
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Lot: 4.66 Acres
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Other
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$325,000
4560 Lott Road W 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.
Courtesy of: Rashmi Lumpkin, IXL Real Estate LLC, Rlumpkin2021@gmail.com
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