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$ 397,000
Est. payment /mo
New
2364 Elkwood Section Road Hazel Green, AL 35750
2.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21894171
HOA Y/N No
Lot Size 2.700 Acres
Acres 2.7
Property Sub-Type COMMERCIAL
Source Valley MLS
Property Description
This is an exceptional chance to acquire and develop a current mobile home park that generates $65,000 in annual income, cap rate of over 15%. The property is already a profitable investment, offering significant upside potential for savvy developers or investors looking to maximize returns. Key Features: Current Annual Income: $65,000 Cap Rate: Approx. 15%+ Solid Tenant Base: Established park with a steady cash flow from existing residents. Plenty of room for expansion with engineers site plan included in documents.
Location
State AL
County Madison
Direction Hwy 53 North Rt. On Elkwood Section Road. Property On Right After Terry Lane Or Hwy 53 North Rt. On Old Railroad Bed Rt. On Elkwood Section Rd.
Interior
Fireplace No
Building
Sewer Septic Tank
Water Public
New Construction No
Others
Tax ID 139868
Copyright
Based on information from North Alabama MLS.
Based on information from North Alabama MLS.
Listed by New South Realtors