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138 Narrows Rd
Remlap, AL 35133
Multifamily Property For Sale · 29,000 SF

PROPERTY FACTS

No. Units 30
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class B
Lot Size 15.00 AC
Building Size 29,000 SF
Average Occupancy 82%
No. Stories 1
Year Built 1960
Parking Ratio 1.16/1,000 SF

ABOUT 138 NARROWS RD , REMLAP, AL 35133

30-Space mobile home park with 25 park-owned homes just outside Birmingham, Alabama. 23 of the homes are occupied; one vacant due to remodeling and the last is used as an office. 18 of the occupied homes are on lease to purchase where the tenants pay all repairs! The last 5 spaces are vacant. Lot rent is $325 and the average home rent is $650. All utilities included in rent. City Water Master-Metered; Septic Sewer; City Electric Master-Metered. Owner will finance with $450k down. Is flexible on interest rates and amortization but not on down payment.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-04-20-0-000-020.000
Land Assessment
$20,840
Improvements Assessment
$20,160
Total Assessment
$41,000
  • Listing ID: 12930458

  • Date on Market: 6/18/2018

  • Last Updated:

  • Address: 138 Narrows Rd, Remlap, AL 35133

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