1100 Co-Rd 24 Clanton, AL 35045
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 1100 Co-Rd 24
- Property type
- Mobile home & RV parks
- Property subtype
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of 91 units encompassing a mobile home park, apartment building, and single-family rentals, strategically located in Clanton, Alabama, at 1100 Duren Rd & 612 CO-RD 24, zip code 35045. Currently boasting a 46% occupancy rate, this property generates a substantial net operating income (NOI) of $243,000, translating to an attractive cap rate exceeding 18%. The portfolio's diverse unit mix caters to a broad range of tenants, offering stability and potential for growth. The asking price for this entire portfolio is $750,000. This auction sale presents a unique chance to acquire a well-established, income-producing asset in a desirable location within Chilton County, Alabama. The property's strong financial performance and diverse unit types make it an ideal investment for experienced real estate investors seeking significant returns. Detailed financial statements and property information are available upon request. This is a rare opportunity to acquire a substantial multifamily portfolio at an attractive price point. Don't miss this chance to add a high-performing asset to your investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clanton
- County
- Chilton
- State
- Alabama
- Longitude
- -86.7079
- Latitude
- 32.7223
