Great location - convenient to both Auburn and Opelika. Has a current rental rate of 74%. Investors, why buy small houses and/or condos to rent? The potential income for this one park gives you more bang for your buck! Currently has a CAP Rate of around 12%. Large sign on property. Call LA for more information.
DUPLEX: Common laundry. A & B water not separately metered. Bill comes to landlord. A & B split bill 50/50. Power is separately metered. COMMERCIAL BUILDING: Gas is not abandoned, just capped in case buyer wants to use gas. There are 3 half baths and one shower in the building. Blown in insulation. Extra reinforement of bedrock in pavement.New gutters. Outside wall dry-locked. Much more
The park receives lot rent only - $200/lot - and has 2 vacancies as of 2/7/13. Tenants pay for all utilities. This park was appraised in 10/2012 for $350,000 - the asking price. Appraisal is located in documents. There is great potential for this trailer park and the accompanying acreage
Unit A is two bedroom and 1 bath and offers a spacious living area and large kitchen with plenty of counter space and great cabinetry. Both bedrooms have good closets and are nice sized. Appliances do not convey. Parking for two or more vehicles.