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    500 Old Montgomery Rd Selma, AL 36703

    For Sale
    $63,000

    Six-lot mobile home park, high yield potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 1.75-acre mobile home park in Selma, Alabama, located at 500 Old Montgomery Rd, zip code 36703. The property boasts six individual mobile home lots, each separately metered for both power and water, maximizing efficiency and revenue potential. Currently, one lot is occupied and generating rental income

    Property Features for 500 Old Montgomery Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    76,230 SF

    HighLights

    • Exceptional investment opportunity: Six‑lot property, one lot currently rented (tenant occupied; do not disturb). Seller does not own the mobile home. Cap rate exceeds 1%.
    • Prime location with high rental demand.
    • Strong cash flow potential.
    • Excellent ROI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.012583
    Latitude
    32.395554

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    FAQs

    What type of property is this?
    Specialty property - Six-lot mobile home park, high yield potential.
    Where is this specialty property located?
    The property is located at 500 Old Montgomery Rd Selma, AL.
    What is the asking price?
    The asking price for this property is $63,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Six-lot property, one lot currently rented (tenant occupied; do not disturb). Seller does not own the mobile home. Cap rate exceeds 1%.; Prime location with high rental demand.; Strong cash flow potential.
    (334) 375-8776
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    500 Old Montgomery Rd Selma, AL 36703
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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
    500 Old Montgomery Rd Selma, AL 36703
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