Excellent income producing investor property on 5.32 +/- acres! This 10 space mobile home park is just minutes from the Toyota plant in Sparkman school district. Features 9 park owned mobile homes, 1 lot lease and 2-3+ additional vacant (underdeveloped) spots for potential additional income. The property currently has a yearly income of $67,500 with a great upside by increasing rents. The tenants pay their own water and electricity. All tenants are on a month-to-month lease and all rents are well below market value. This property consists of 2 parcels include 137 Morris and 157 Morris. Some units are as new as 2019 models.
Sold for $625,000 on 08/25/23
$625,000
137 Morris Ln, Toney, AL 35773
--beds
--baths
9,776sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$64/sqft
$1,191 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 28, 2025 at 02:21pm
Listed by:
David Elmore 256-777-3476,
Re/Max Legacy,
Cody Smith 256-497-6689,
Re/Max Legacy
Bought with:
Cody Smith, 110514
Re/Max Legacy
Source: ValleyMLS,MLS#: 1831501
Facts & features
Interior
Features
- Has basement: No
Interior area
- Total structure area: 9,776
- Total interior livable area: 9,776 sqft
Property
Parking
- Total spaces: 10
- Parking features: Private
Lot
- Size: 5.32 Acres
Details
- Parcel number: 0507250001030.000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Unknown
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Toney
- Subdivision: Metes And Bounds