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- LoopNet Team
25975 Highway 134
Enterprise, AL 36330
Pine Tree Estates · Multifamily Property For Sale
·
5,300 SF
INVESTMENT HIGHLIGHTS
- City Water and Sewer
- 19 +/- Additional Acres Included
- Great Location in a Growing Area
PROPERTY FACTS
| No. Units | 65 | Lot Size | 30.16 AC |
| Property Type | Multifamily | Building Size | 5,300 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 30.16 AC |
| Building Size | 5,300 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 10/1,000 SF |
ABOUT 25975 HIGHWAY 134 , ENTERPRISE, AL 36330
Beck Partners is pleased to present For Sale Pine Tree Estates in Enterprise, Alabama. This park consists of 66 total lots with 64 being occupied by tenants. These lots are producing an average rent of $227 per month. This offering includes 30 park owned homes, with one home currently being used as an office. The park owned home inventory includes 16 homes that are 2000’s models or newer and 14 older homes that have been renovated in the last three years. The park is serviced by city water and sewer that is sub metered and billed back to the tenants. The park benefits from excellent location and visibility on Hwy 134 just 2.4 miles from Walmart and 1.4 miles East of Boll Weevil Circle. There are approximately 19 additional acres included in the sale with frontage on SR-134 (Daily Traffic counts of 18,643) available for development. There is a high demand for affordable housing in the area as indicated by the 97% occupancy rate. The seller is slowly raising lot rents to $250 per month. There is value add opportunity in renting the home being used as an office and continuing to raise rents to $250.
PROPERTY TAXES
| Parcel Number | 16-06-24-0-000-045.000 | Improvements Assessment | $6,383 |
| Land Assessment | $11,650 | Total Assessment | $18,033 |
PROPERTY TAXES
