AL
Mobile - AL
Grand Bay
36541
0 Henderson Camp Road
0 Henderson Camp Road, Grand Bay, AL 36541
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Listing Type
Multi Family
Listing Status
active
15
$400,000

Home Details for 0 Henderson Camp Road

Price
$400,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
4
County
Mobile - AL
Garage
Days on site
142
MLS Listing#
7573113
Property Description

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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Sewer Available
    • Water Available
  • Cooling Information
    • Other
  • Heating Information
    • Other
  • Water Features
    • Public
  • Parking
    • Varies by Unit
School Information
School Information for 0 Henderson Camp Road, Grand Bay, AL 36541
Elementary School
Cora Castlen
Middle School
Grand Bay
High School
Alma Bryant
Listing Courtesy: IXL Real Estate LLC - 251-265-1230
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Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT ALLSTAR REALTY
6606 Old Shell Rd, Mobile, AL 36608
Vanessa McAlpine
License #: 794950
Sales Representative
Office
251 380 0990
Agent
251 422 5665
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