4560 Lott Road W, Eight Mile, AL 36613

Eight Mile
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
4560 Lott Road W,Eight Mile, AL 36613
$315,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: rashmi lumpkin
Office: ixl real estate llc.
MLS#:7811809
Source:AL_MAAR

Price summary

  • Price:$315,000

About this home

This income-producing property offers a significant value-add opportunity with 5 park-owned homes currently generating $4,100 in monthly gross income. The site sits on 4.66 flat, mostly clear acres featuring an asphalt driveway extending to the rear, with power and water lines already in place. There are no zoning restrictions or requirements for this property. To proceed with development, simply submit a site plan directly to the City of Semmes for approval. This property offers significant income-growth potential, with the immediate opportunity to add eight additional pads. Financials: Gross Annual Rent: $49,200 Annual Expenses: $5,710 NOI: $43,500 Cap Rate: ~13.38% This property provides strong cash flow, a high yield, and low overhead. Property viewings are permitted following contract acceptance. All offers must include proof of funds or pre-approval for a commercial property. The water is on a single meter with a $200 monthly cost, which is paid by the park owner....

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Home facts

  • Subdivision & Development:Metes & Bounds
  • Listing ID #:7811809
  • Added:98 day(s) ago
  • Updated:November 04, 2026 at 04:49 PM

Rooms and interior

  • Flooring:Laminate, Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Levels:1 Story

Schools

  • High school:Mary G Montgomery
  • Middle school:Semmes
  • Elementary school:Indian Springs

Utilities

  • Water:Available, Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$315,000
  • Tax amount:$1,150

Features and amenities

  • Amenities:Electricity Available

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