231 Multiple Hwy Laceys Spring, AL 35754
This exceptional commercial property, located on Highway 231 in Laceys Spring, Alabama (zip code 35754), presents a lucrative investment opportunity. The 5.8-acre lot is zoned for business use and features an established mobile home park with 18 buildings. Currently, the seller owns all but three of the mobile homes situated on the 22 available lots. Six to eight vacant lots remain, with one already equipped with a new meter, ready for immediate rental. All lots boast newly installed electric meters, ensuring efficient utility management. The property also includes three separate water meters: one for a block business building, one for the mobile home park itself, and one for a separate white home on the property. This well-maintained property offers significant potential for growth and immediate income generation, making it an attractive investment in a thriving Alabama market. Detailed financial information is available in the listing documents. The property's prime location on Highway 231 provides excellent visibility and accessibility. This is a turnkey operation with existing infrastructure and a proven rental history, presenting a rare opportunity for immediate returns and long-term appreciation. Morgan County's business-friendly environment further enhances the investment potential of this unique property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.