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0 Henderson Camp Road, Grand Bay, AL 36541

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For Sale

$400,000

4 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 4 acres
    Lot size

Explore this Property

Peaceful 3.84 Acres with Established RV/Camper Rentals in Grand Bay This serene 3.84-acre property in Grand Bay offers a unique investment opportunity with two (2)Manufactured homes, six (6) RV s of varying age and design, and two (2) recently vacated spots for a total of ten (10) rentable spots. Water, trash pickup, electricity and internet are currently included in the space rental providing an attractive feature for tenants. Bring your own camper or RV! The property includes 7 well-maintained septic tanks that were last inspected in 2022. The power poles, each serving two tenants, are for added convenience. With a 10% cap rate, a gross income of $3,250 per month, generating $39,000 gross annually, this property offers a steady cash flow and minimal upkeep, making it a great opportunity for investors seeking a high-return, low-maintenance asset. There is still one mobile home currently vacant that rents for $1000 per month which could generate $12,000 additional gross income annually. Lastly, there are 2 other open spaces available for additional rental revenue. The current owner's goal is to net $500 per space and the park is well on its way to achieving this goal Owner financing available with acceptable terms and down payment! Seller willing to owner finance with full price offer. $160k down, remaining balance to be paid monthly over 3 to 5 year period (may go to 7 years) with 10% interest rate.
MLS# 7573113

Courtesy Of IXL REAL ESTATE

(251) 265-1230

Property Features

  • Architecture Style
    Other
  • Lot Size
    4 Acres

Map and Directions

Directions to 0 Henderson Camp Road, Grand Bay, AL 36541

Home seller CENTURY 21 J. Carter & Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 J. Carter & Company

(251) 967-2121
Learn More About Us

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.