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Monthly Estimate*
$ 7,356
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.
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140 Short St, Atmore, AL, 36502 is a Commercial Property for sale at $1,065,000 with 10,000 sqft and a lot size of 1. 140 Short St was built in 1900. The property's zip code is 36502 which is in Atmore, AL
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