Unique income property in highly desirable northern Lowndes county location with a total of 5 turn-key income rental units currently at 100% occupancy and strong rental history. 2.8 acre tract at the SE corner of Old Radar Site & Cat Creek Rds with 4 stick built and 1 mobile home only 2.0 miles from Moody Air Force Base. All 5 rental units are 1BR/1BA setup with the MH leased for $525/month and others trending to $595/month. MH recently completely rehabbed with all the upgrades you could think of to attract and retain highest quality tenants. Luxury Vinyl Plank flooring, new cabinets, appliances, fixtures, finishes, roof, HVAC and systems, etc. Minimal operating costs for your investment here as several longer term tenants in place. Current cap rate based on proforma rents of $595/door and 35% operating expenses is 9.47%. Rent Roll in docs & financials available to qualified prospects.
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