For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mobile Homes with Income Potential Title is generated by Realmo AI

    1026 ASTOR AVENUE, Weaver, AL 36277

    View on Map
    Claim this Listing
    For Sale
    $89,900

    Two mobile homes with income potential near Weaver Elementary School.

    Type:Manufactured Home
    Property size:
    1,064 SF
    Price / SF:
    $84/SF
    Added:
    May 6, 2025
    Days on Market:
    430
    Last Refresh:
    May 19 at 9:46 pm

    Property Features for 1026 ASTOR AVENUE

    General Information

    Standard status
    Active
    Size
    1,064 SF
    Property subtype
    Manufactured Home

    Building Details

    Year Built
    1983

    We can help!

    Contact an agent
    Brenda Spears

    Listing office KW Realty Group

    Listing date May 6, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Realty Group

    HighLights

    • Two mobile homes included on the property.
    • New central heat and air units in both mobile homes.
    • Income‑producing potential with existing tenants.
    • Three lots included, with septic tank in place for a possible third mobile home.
    • Walking distance to Weaver Elementary School and softball fields.
    • Interior remodeling in both mobile homes.

    Overview

    The property features two mobile homes, both with updated central heat and air units and some interior remodeling. The property includes three lots, with one lot having a septic tank already installed, allowing for the potential placement of a third mobile home. Both mobile homes are currently rented on a month-to-month basis. According to the owner, each mobile home has its own septic tank. The property is located within walking distance of Weaver Elementary School and the Weaver softball fields, offering convenient access to local amenities. The property presents income-producing potential.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $10.9k $10.20
    − Vacancy −$651 −$0.61
    EGI $10.2k $9.59
    − OpEx −$4.6k −$4.31
    NOI $5.6k $5.27
    1,064 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $80.2K
    $70.1K – $93.5K (±1% cap)
    NOI $5,611 @ 7.0% cap · market cap 6.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $163.6K
    $143.1K – $190.8K (±1% cap)
    NOI $11,450 @ 7.0% cap · market cap 12.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Law Firm Auto Repair Shop Spa & Massage Center Parking Lot & Garage Hair Salon Nail Salon Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weaver
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8121
    Latitude
    33.7578

    FAQs

    What type of property is this?
    Mobile home & RV park - Two mobile homes with income potential near Weaver Elementary School.
    Where is this mobile home & rv park located?
    The property is located at 1026 ASTOR AVENUE Weaver, AL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Two mobile homes included on the property.; New central heat and air units in both mobile homes.; Income‑producing potential with existing tenants.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message