4560 Lott, Eight Mile, AL 36613

$325,000
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List Price
$325,000
MLS#
7710248
Acres
4.66
County
Mobile - Al
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(251) 265-1230

Property Description

Six Mobile Homes. Income property on West Lott Road in Eight Mile, Mobile MSA. Six mobile homes generate stable rental income. Gross Annual Rent: $53,400. Annual Expenses: $5,710. NOI: $47,690. Cap Rate: ~14.7%. 4.66 acres, flat, mostly clear, with the ability to add 7 pads. Asphalt driveway, power, and water lines are in place. Strong cash flow, high yield, and low overhead.

(251) 265-1230
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Additional Information

Acres
4.66
Cooling
Ceiling Fan(s), Central Air
Heating
Central
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Calculator source: Real Geeks

Listing courtesy of IXL Real Estate LLC.