15500 Resort Way, Summerdale, AL 36580

Commercial property for lease

• Description
• This is a very well run, clean, managed MH park. 5 acres.. Lots are big enough to put MH in between what is there. Property consist of 3 parcel numbers PPIN 256281,256280,256279. 10 year tenants, 2 wells (2" & 4") 7 sceptic tanks, pumped every 5 years. 2 perc tests in hand, on the back 2 acres, that will accommodated 2 MH's each, or 4 RV's per site. Sweet park, with plenty of room to get those rents rolls up to $10k per month. 5 acres3 parcels PPIN #256281, 256280,256279 7 PO MH"S full vacancy 2 wells 2" and a 4"/ 7 septic tanks, Clean out every 5 years( its been 2 yrs)2 more perc tests have been done. #1 rents for $550#2 $675#3 $600#4 $ 575. Manager collects rent/ mows grass#5 $800#6 $700#7 $600total $4500.00 month Rent includes trash and water. costs: trash: $1320 yrWater: $400 yrManager: $3000 yrtaxes: $552.16 yrno insurance. Total costs $5292Total Rent rolls: $54,000 per year... Priced at $385,000,,, gives yoa 12% cap, with a lot of upside. NO drama, no meth, no gangs, no evictions, NO deferred maintenance.. MH's 3,4 and 5 have new AC's. Great location, just minutes from Fish River and boat launch.. Mail delivered to everyone's' home.Minimum costs. Three MH's have new AC systems. The 2nd park is located in Magnolia Springs Al. Owner motivated/will finance. call agent today.. Building price details: $525,000.
• Contact info
• Renee Beasley

  Sperry Commercial Global Affiliates - The Andrews Group
• Note

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