140 Short St, Atmore, AL 36502
- $1,065,000
- List Price
- $1,065,000
- Status
- ACTIVE
- MLS#
- 412073
- Acres
- 1
- County
- Baldwin
- Region
- Baldwin
- Legal Description
- LOTS 5 6 7 8 & W 20' OF LOT 4 & W 25' OF LOT 9 BLK 5 PARTIAL RESUB OF W PART OF N1/2 OF SE1/4 ATMORE 140' X 372.99' X 13 5' X 186.49' X 49.5' X 186'
- Year Built
- 1900
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.
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Additional Information
- Roof
- Metal
- Stories
- 1
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Listing courtesy of Shark Realty.
© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .