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4-Home Mobile Home Property

11117 Weeks Rd, Foley, AL 36535

For Sale
$219,900

Residential Income, Foley, AL

Property Size792 SF
Lot Size2.08 Acres
Price / SF$277.65
Days on Market93

Property Features for 11117 Weeks Rd

General Information

Property type Residential Multi Family
Property subtype Other
Zoning OtherSeeRemarks,OutsideCo
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features None
Patio and Porch features Porch
Fireplace 1
Appliances Electric Range
Subdivision Magnolia Springs
Elementary school Magnolia School
Middle school Foley Middle
High school Foley High
Directions From Hwy 49 go West on Laurent Road approximately 1/2 mile to Weeks Rd and turn Left. Property is on the right.
Standard status Active
APN 55-08-43-0-000-007.003
Size 792 SF
Lot size 2.08 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description 183 X 631(S) Irr Com At The Sw Cor Of Se1 4 Of Sec 34, Th N 121.7 To Pob, Th Nw 648.4, Th Ne 154, Th Se 549.5, Th S 183 To Pob Less That Pt Lying In R W Alg E Sd Nicholas We Eks Gr Sec 43-T7s-R3e (Qcd Wd) In#1094038
Tax Annual Amount 1075
Legal Description 183 X 631(S) Irr Com At The Sw Cor Of Se1 4 Of Sec 34, Th N 121.7 To Pob, Th Nw 648.4, Th Ne 154, Th Se 549.5, Th S 183 To Pob Less That Pt Lying In R W Alg E Sd Nicholas We Eks Gr Sec 43-T7s-R3e (Qcd Wd) In#1094038

Utilities

Cooling system Window Unit(s)

Building Details

Year built 2005
Floors in Building 1
Flooring type Vinyl
Architectural style Other
Buildings 4
Listing Agency: Terri T Realty
Listed By: Randall Allen · License AL #68588
Added: Aug 13 Changed: Nov 4 Last Checked: Nov 13 at 7:06PM
MLS# 408551

Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The property comprises 2.081 acres with four mobile homes, built in 1970, 1990, 1999, and 2005. Three homes are occupied under month-to-month rental arrangements; the remaining home needs extensive repairs. The property is offered in its present condition, without expressed or implied warranties.

Located just beyond Foley’s city limits, the property is a short drive from Gulf Coast beaches. At least 24 hours’ notice is required for interior viewings because three homes are occupied. Buyers are responsible for verifying property information and current or future use requirements with county planning and zoning during due diligence.

Key Highlights

  • 2.081‑acre property with four mobile homes
  • Home construction years: 1970, 1990, 1999, and 2005
  • Three homes are occupied on month‑to‑month arrangements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$6,456
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,120 $129.1K
Cap Rate 7%
$92,229 $92.2K
Cap Rate 9%
$71,733 $71.7K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$12.4K $15.60/SF
− Vacancy
−$618 −$0.78/SF
EGI
$11.7K $14.82/SF
− OpEx
−$5.3K −$6.67/SF
NOI
$6.5K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,120
Cap Rate 7%
$92,229
Cap Rate 9%
$71,733

Alternative Uses

Best Use
Apartment 5plus
$92.2K
$80.7K – $107.6K (±1% cap)
NOI $6,456 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.5K
$166.7K – $222.2K (±1% cap)
NOI $13,332 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 36535, AL

35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Mobile home & RV parks in Foley

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - Three homes are occupied on month-to-month arrangements, while a fourth requires extensive repairs.
Where is this mobile home & rv park located?
The property is located at 11117 Weeks Rd Foley, AL.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 2.081‑acre property with four mobile homes; Home construction years: 1970, 1990, 1999, and 2005; Three homes are occupied on month‑to‑month arrangements
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