Turnkey Investment Portfolio – $136k Net Annual Income
Incredible cash-flowing portfolio in fast-growing Baldwin County! This 14-unit package includes 2 single-family homes, 3 duplexes, and 6 double-wide mobile homes, all fully rented with stable tenants and no major deferred maintenance. Current net operating income is $135,891/year, offering an attractive return at an 8.5%+ cap rate.
Located in Lillian, AL, just minutes from the Florida line and the beaches of Perdido Key and Pensacola, this property is ideal for investors seeking stable returns and low competition. Management can be easily outsourced, or self-manage to realize a 9.5% cap rate. There's open space available to add additional income producing units. Additional upside potential on the existing units still exists as well. These are always quick to rent and demand is high.
Full rent roll, expense breakdown, and leases available upon request. Priced to sell — don’t miss this opportunity to acquire a high-yield, diversified rental portfolio in a growing Gulf Coast market.
For sale by owner
$1,599,000
13656 County Road 93, Lillian, AL 36549
37beds
20,000sqft
Est.:
MultiFamily
Built in 1935
-- sqft lot
$-- Zestimate®
$80/sqft
$-- HOA
Overview
- 9 days
- on Zillow |
- 408 |
- 25 |
Listed by:
(915) 238-9084
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 37
- Bathrooms: 27
- Full bathrooms: 27
Heating
- Forced air, Electric
Cooling
- Other
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 20,000 sqft
Property
Parking
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Vinyl
Lot
- Size: 5 Acres
Details
- Parcel number: 5205220000011001
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Piers
- Roof: Composition
Condition
- New construction: No
- Year built: 1935
Community & HOA
Location
- Region: Lillian
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $168,100
- Annual tax amount: $941
- Date on market: 7/14/2025
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