720 Hwy 123, Ozark, AL 36360
sale
$1,600,000
|
Other
Courtesy Of James Bowman Realty Inc.
Investment Opportunity! This well-maintained mobile home park features 30 spacious lots equipped with water and sewer, including 18 mobile homes 17 of which are currently rented offering strong and stable cash flow. An additional parcel includes a fully rented 2,556 sq ft, 5-bedroom, 2-bath home, adding to the income stream. The property also boasts a barn for equipment storage and is secured within a gated community. Generating approximately $168,000 annually with a current cap rate of 7.988%, this asset presents excellent returns. Adjacent to the park are two acres of undeveloped land, along with additional land on Porter Andrews, offering significant potential for expansion or future development.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Floors: 1
- MLSID: 204458
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