11630 Henderson Camp Road, Grand Bay, AL 36541

NEW PRICE - Profitable Mobile Home Park in Grand Bay with room for expansion on 10 acres. Current cap rate of around 11% plus additional land for expansion. Property Includes 4 MHs )one MH is a duplex), 1 RV Lot and a 3 bedroom, 1 bath house. One of the Mobile homes has been converted to a duplex with 1/1 studio apartment and a 2/1 with a kitchen making a total of 6 dwelling units and the rentable RV lot. The House, currently renovated, is bordered by large azaleas and has direct access to paved public road. Other dwellings use the private gravel drive from the main public road. There is also a maintenance shed on the property for lawn mower storage. Owner furnishes utilities and garbage service to all dwelling units. Tenants furnish their own internet and cable. Typically the park has full occupancy with a steady cash flow. Current dwellings and RV lot are on the front of the property (approx 3 Ac) leaving 7 acres for future expansion. 3- 200 amp poles plus service to house. Seller … read more …