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140 Short St Atmore, AL 36502
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 412073
Construction Status Resale
HOA Y/N No
Year Built 1900
Acres 1.0
Property Sub-Type Multi Family
Source Baldwin County
Property Description
Westside Mobile Home Park in Atmore is a twelve unit complex. All units convey with land. Eleven mobile homes and one house included with sale. All twelve units fully rented with annual gross rents currently at $123,660. Net income after all expenses is $91,057 providing a 8.55% capitaization rate on your investment.
Seller will carry back a second mortgage equal to 25% of the investment, $266,250, for five years at the first mortgage rate plus 1%. Interest only for five years with balance due at the end of the five year term. Rent roll( including expenses) and current tax bill loaded in documents. Buyer to verify all information during due diligence.
Seller will carry back a second mortgage equal to 25% of the investment, $266,250, for five years at the first mortgage rate plus 1%. Interest only for five years with balance due at the end of the five year term. Rent roll( including expenses) and current tax bill loaded in documents. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Interior
Heating Electric
Fireplace No
Heat Source Electric
Exterior
Parking Features Other/See Remarks
Utilities Available Alabama Power
Waterfront Description No Waterfront
Roof Type Metal
Building
Lot Description Less Than 1 Acre
Construction Status Resale
Others
Special Listing Condition Other/See Remarks
Listed by Shark Realty
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