Property Description

Westside Mobile Home Park in Atmore is a twelve unit complex. All units convey with land. Eleven mobile homes and one house included with sale. All twelve units fully rented with annual gross rents currently at $123,660. Net income after all expenses is $91,057 providing a 8.55% capitaization rate on your investment.Seller will carry back a second mortgage equal to 25% of the investment, $266,250, for five years at the first mortgage rate plus 1%. Interest only for five years with balance due at the end of the five year term. Rent roll( including expenses) and current tax bill loaded in documents. Buyer to verify all information during due diligence.

Property Features