8510 Old Sardis Rd - Residential LAND FOR SALE


Morris, AL 35116 717,433 SF
$2,500,000 USD
205-870-8580
8510 Old Sardis Rd, Morris, AL for Sale
$2,500,000 USD
Residential LAND - FOR SALE
1/1
717,433 SF

8510 Old Sardis Rd
Morris, AL 35116


OVERVIEW

--VALUE ADD MOBILE HOME PARK ONLY 21 MINUTES FROM BOOMING BIRMINGHAM, AL CBD! OFFERED AT A STRONG CAP RATE BASED ON CURRENT NUMBERS --55 LOT MOBILE HOME PARK--MAJORITY PARK OWNED HOMES--AT 74% OCCUPANCY --PARK IS IN GREAT SHAPE AND HAD THE SAME OWNER FOR 18 YEARS--ALL INFRASTRUCTURE IS THOROUGHLY MAINTAINED -- RENTS ARE BELOW MARKET THUS PROVIDING A NEW INVESTOR AMPLE OPPORTUNITY TO INCREASE NOI UPON ACQUISITION --ADDITONAL LAND INCLUDED IN THE DEAL--ROOM FOR ABOUT 8 TO 10 MORE TRAILERS OR 15+ RV'S--LAND IS CLEARED, FLAT, AND CONNECTED TO THE LAGOON SYSTEM THAT SERVICES THE PARK --CALL OR EMAIL BROKER FOR MORE DETAILS AND FINANCIALS+RENT ROLL

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/ACRE

$151,791/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Cove Mobile Home Park

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Manufactured Homes/Mobile Home Park

LAND ACRES

16.47 AC

LAND SF

717,433 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.