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    18291 Highway 140 Elrod, AL 35458

    For Sale
    $329,900

    Established Mobile Home Park - Great Income!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a well-established mobile home park situated on approximately four acres of land in Elrod, Alabama. The property boasts a prime location with 475 feet of frontage on Highway 140, ensuring high visibility and accessibility. The park comprises nine mobile home units, all of which are currently owner-occupied, generating a consistent and reliable income stream. This turnkey operation offers a significant advantage for investors seeking immediate returns. The land itself provides ample space for potential expansion or future development, allowing for further growth and increased profitability. The asking price of $329,900 represents a compelling value for a property of this nature, offering a solid foundation for long-term investment growth. Detailed financial records are available upon request, providing potential buyers with a comprehensive understanding of the park's financial performance. This is a rare opportunity to acquire a profitable, established business with significant upside potential. Don't miss out on this chance to own a piece of Elrod's thriving real estate market. Serious inquiries only.

    Property Features for 18291 Highway 140

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elrod
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.81251
    Latitude
    33.27396

    Nearby Comparable

    • $149,900
      2,500 SF

      High-Visibility Elrod Commercial Property

      Prime Hwy 82 location, 2500 sq ft building.
      12756 Echola Rd, Elrod, AL 35458
      View Details
    • $189,900

      Spacious Home on Acreage

      Four-bedroom home on 4 acres with detached shop.
      26 Possum Hollow Dr, Gordo, AL 35466
      View Details

    Nearby Similar for Sale

    • $149,900
      2,500 SF

      High-Visibility Elrod Commercial Property

      Prime Hwy 82 location, 2500 sq ft building.
      12756 Echola Rd, Elrod, AL 35458
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Established Mobile Home Park - Great Income!
    Where is this commercial real estate located?
    The property is located at 18291 Highway 140 Elrod, AL.
    What is the asking price?
    The asking price for this property is $329,900.
    (205) 750-2485
    Request Owner's contact information
    18291 Highway 140 Elrod, AL 35458
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    Elrod, AL 35458
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18291 Highway 140 Elrod, AL 35458
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