Eight Mile, AL 36613 4560 Lott Road W
$315,000



1 more

Presented By: IXL Real Estate LLC
Home Details
This income-producing property offers a significant value-add opportunity with 5 park-owned homes currently generating $4,100 in monthly gross income. The site sits on 4.66 flat, mostly clear acres featuring an asphalt driveway extending to the rear, with power and water lines already in place. There are no zoning restrictions or requirements for this property. To proceed with development, simply submit a site plan directly to the City of Semmes for approval. This property offers significant income-growth potential, with the immediate opportunity to add eight additional pads.
Financials:
Gross Annual Rent: $49,200
Annual Expenses: $5,710
NOI: $43,500
Cap Rate: ~13.38%
This property provides strong cash flow, a high yield, and low overhead. Property viewings are permitted following contract acceptance. All offers must include proof of funds or pre-approval for a commercial property.
The water is on a single meter with a $200 monthly cost, which is paid by the park owner. All electricity and other power utilities are separately metered and paid for by the tenants.
Presented By: IXL Real Estate LLC
Interior Features for 4560 Lott Road W
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Vinyl
Heating Y/NYes
Window FeaturesNone
General for 4560 Lott Road W
AccessibilityNone
Cap Rate13.38
CityEight Mile
Community FeaturesOther
Construction MaterialsOther
CoolingCeiling Fan(s), Central Air
CountyMobile - AL
Elementary SchoolIndian Springs
Energy EfficientNone
HeatingCentral
High SchoolMary G Montgomery
LevelsOne
Lot Size Square Feet202989.6
Lot Size UnitsAcres
Middle/Junior High SchoolSemmes
Net Operating Income43500
Number Of Units Total5
Occupancy TypeTenant
Property TypeResidential Income
RoofOther
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameMetes & Bounds
Tax Annual Amount1150
UtilitiesElectricity Available, Water Available
ViewTrees/Woods
Waterfront FeaturesNone
Exterior for 4560 Lott Road W
FencingWood
Lot FeaturesOther
Lot Size Acres4.66
Lot Size Area4.66
Parking FeaturesVaries by Unit
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Indian Springs Elementary School
Sam Winter
Real Estate Agent
