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13381 Lipscomb Rd
Foley, AL 36535
(SELLER FINANCING)- MAGNOLIA FARMS RV PARK! · Specialty Property For Sale · 1,500 SF

INVESTMENT HIGHLIGHTS

  • 48 LOT RV PARK THAT SITS ON A 4.9 ACRE LOT IN MAGNOLIA SPRINGS ALABAMA!
  • 15% CAP RATE AND 26% CASH-ON-CASH RETURN IN 2022!
  • MANAGEMENT INCLUDED: TURN-KEY OPERATION! UTILITIES AND WATER EXPENSES ARE ENTIRELY COVERED BY GUESTS
  • 13% CAP RATE AND 21% CASH-ON-CASH RETURN IN 2021!
  • SELLER FINANCING AVAILABLE! $550,000 DOWN, 4.5%IR, INTEREST ONLY, 5-YEAR BALLOON!
  • HIGH DEMAND LEADS TO WAITING LIST20-25 MINS FROM WOULD FAMOUS GULF BEACHES, ALABAMA’S #1 TOURIST ATTRACTION.

PROPERTY FACTS

Property Type Specialty
Property Subtype
Trailer/Camper Park
  • Multifamily Apartments
Building Class B
Lot Size 4.90 AC
Building Size 1,500 SF
No. Stories 1
Year Built 2000
Parking Ratio 10/1,000 SF
Zoning R6

AMENITIES

  • Property Manager on Site

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
55-04-20-0-000-009.005
Land Assessment
$30,940
Improvements Assessment
$142,040
Total Assessment
$172,980
  • Listing ID: 22423263

  • Date on Market: 3/8/2021

  • Last Updated:

  • Address: 13381 Lipscomb Rd, Foley, AL 36535

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