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132 Ima Ln
Atmore, AL 36502

Income Producing MH Park Atmore, AL Near I-65 · Multifamily Property For Sale · 12,592 SF

INVESTMENT HIGHLIGHTS

  • Located within 1/2 mile of Wind Creek Hotel and Casino and Interstate 65
  • 12 Mobile Homes 100% occupied
  • Growing Area in need of more rental properties
  • Value Add Property in Prime Location
  • Central Location to Major Highways, Interstate, and Daily Amenities

PROPERTY FACTS

No. Units 13
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Single Family Home
Lot Size 8.30 AC
Building Size 12,592 SF
Average Occupancy 100%
No. Stories 1
Year Built 2002

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Yard
  • Den
  • Dining Room

SITE AMENITIES

  • 24 Hour Access

ABOUT 132 IMA LN , ATMORE, AL 36502

Atmore, AL - PRICE IMPROVEMENT! Perfectly located within 1/2 mile of Wind Creek Hotel and Casino and Interstate 65. Investors and commercial brokers, seize this opportunity to own a value-add mobile home park sits on 8.30 acres of unzoned land just outside the city limits, offering endless possibilities for expansion! All of the mobile homes on the property are currently rented. With almost $60,000/yr net income and a 9.21% Cap Rate now, imagine the potential for added profitability by expanding the park with 7-15 additional mobile homes and/or RVs! This property offers an excellent opportunity with 12 Mobile homes, 4 Vacant lots (1 rented for an RV), (16) Septic tanks, and room for expansion. With (6) 2-bedroom single-wide mobile homes, (4) 3-bedroom single-wide mobile homes, and (2) 3-bedroom double-wide mobile homes, always occupied. Very desirable location. Plus, every unit comes with laundry facilities, ensuring comfort and convenience for your tenants.. The possibilities for growth and increased profitability are endless! Ima Road is an easement. Great Location – this Mobile Home Park is just minutes from I-65, Wind Creek Hotel/Entertainment Center/RV Park/Casino/Spa, and Downtown Atmore. As Atmore experiences rapid growth, the demand for rental properties increases. A new state prison was approved for construction, bringing new job opportunities. Plus, the federally recognized Poarch Creek Band of Indians are set to open their new $15 million state-of-the-art Meat Processing Facility in Spring 2024, bringing more jobs. This mobile home park is in close proximity to both. See OM for the 2023 Atmore Geofence Report & the Main Street Atmore Redevelopment Plan, along with other information about the area and growth. A community and investor effort has spurred on growth downtown, some of which has yet to be seen from the investors' purchases. All shops in the downtown area are either sold for rentals, owned and operated by the seller, or rented to a tenant. About 48 new businesses have joined this exciting area, with more on the way. A Multi-Million Dollar renovation project was just completed on the Historical Strand Theatre and old hardware store now known as a venue called "The Encore," creating another entertainment hub for residents and visitors. There has never been a better time to invest in this booming market! Take advantage of the opportunity to own this Mobile Home Park with tons of potential and add to your portfolio. Contact us today to learn more and schedule a viewing! LoopNet ID: 29298002

PROPERTY TAXES

ZONING

Zoning Code UNZONED
  • Listing ID: 29298002

  • Date on Market: 8/17/2023

  • Last Updated:

  • Address: 132 Ima Ln, Atmore, AL 36502