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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

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    $1,191/mo

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    $1,191/mo

    Rent Zestimate®

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    $3,446/mo

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    $3,446/mo

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    What's special

    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.

    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#: 1831501MLS Logo

    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