1444 Watermain ST E Active Save Request In-Person Tour Request Virtual Tour
Semmes,AL 36575
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7525020
Annual Tax Amount $1,340
Tax Year 1340
Lot Size 5.480 Acres
Property Sub-Type Mixed Use
Property Description
Welcome to Watermain Estates, a thriving mobile home park in Semmes! Situated on approximately 5.5 acres with no zoning restrictions, this property includes 13 rental mobile homes and a 1-bedroom apartment.
At the heart of the park sits a centrally located doublewide residence—an ideal home for an owner or manager to live in while overseeing the community. The rental income from the 13 units more than covers mortgage and expenses, ensuring a profitable investment. With long-term tenants and full occupancy, the property boasts a strong 16% cap rate.
Watermain Estates generates a gross annual income of over $129,000, with low operating expenses of just $28,000, making it a high-yield opportunity. All units are already occupied, providing immediate cash flow.
This is an excellent chance to own a well-established rental community with steady income and room for growth. Sale to include John Deere Tractor, John Deere Zero turn lawnmower, Honda Power Washer, Dual axel flatbed trailer and misc. vacuums, carpet cleaners and tools, etc. estimated at $22,500. For rental data, financial details, or to schedule a private showing, contact us today!
Location
State AL
County Mobile - Al
Zoning None
Direction Take Schillinger Rd. North then West on either Tanner Williams or Howells Ferry roads - turn on Hubert Pierce rd and at the 2nd (sharp) bend (coming from either direction) - turn off onto Watermain East which takes you directly to Watermain Estates.
Rooms
Basement None
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Other
Exterior
Fence Fenced
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Y/N true
View Rural,Trees/Woods
Roof Type Asphalt,Metal
Total Parking Spaces 13
Building
Lot Description Level
Foundation Raised
Sewer Septic Tank
Water Public
Level or Stories One
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard