Address not disclosed - MLS#7475623 Grand Bay, AL 36541
Property details
About This Home
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!
Highlights
Summary
- MLS Number: 7475623
- MLS Name: GCMLS2
- Office Name: Elite Real Estate Mobile
- Listing Agent: Leah Austin
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Last updated on: 3/15/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$400,000
Address not disclosed
$4,750
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Anna F. Booth Elementary School
Public District PK-5
3.3 mi
•17001 Hurricane Blvd
7
Dixon Elementary School
Public District PK-5
5.4 mi
•8650 Four Mile Rd
8
Castlen Elementary School
Public District PK-5
5.7 mi
•9960 School House Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,393. The majority of Grand Bay, AL residents have income between $35k-100k annually. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
Features: 0 bathroom. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $400,000.
In February 2025 in Grand Bay, AL there were 35.9% more homes for sale than in January. In February 2025, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $285,150.