4560 Lott RD W Eight Mile, AL 36613
4.66 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID 7811809
Annual Tax Amount $1,150
Tax Year 1150
Lot Size 4.660 Acres
Property Description
Financials:
Gross Annual Rent: $49,200
Annual Expenses: $5,710
NOI: $43,500
Cap Rate: ~13.38%
This property provides strong cash flow, a high yield, and low overhead. Property viewings are permitted following contract acceptance. All offers must include proof of funds or pre-approval for a commercial property.
The water is on a single meter with a $200 monthly cost, which is paid by the park owner. All electricity and other power utilities are separately metered and paid for by the tenants.
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
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Laminate, Vinyl
Exterior
Fence Wood
Community Features Other
Utilities Available Electricity Available, Water Available
Waterfront Description None
View Y/N true
View Trees/Woods
Roof Type Other
Building
Lot Description Other
Sewer Septic Tank
Water Public
Level or Stories One
Schools
Elementary Schools Indian Springs
Middle Schools Semmes
High Schools Mary G Montgomery
Others
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
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Broker Associate | License ID: 6510730