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Listed by Rashmi Lumpkin • IXL Real Estate LLC
$325,000
Est. payment /mo
4.66 Acres Lot
Active
4560 Lott RD W Eight Mile, AL 36613
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7710248
Annual Tax Amount $1,150
Tax Year 1150
Lot Size 4.660 Acres
Property Sub-Type Mixed Use
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.
Location
State AL
County Mobile - Al
Direction From Schillinger, turn right onto Lott Rd. In 3.3 miles, the property is on your left, directly across from Rayburn Rd
Rooms
Basement None
Interior
Interior Features Other
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Laminate, Vinyl
Exterior
Fence Wood
Utilities Available Electricity Available, Water Available
Waterfront Description None
View Y/N true
View Trees/Woods
Roof Type Asphalt
Total Parking Spaces 26
Building
Lot Description Other
Foundation Pillar/Post/Pier
Level or Stories One
NEARBY SCHOOL & BUSINESS
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