REQUEST A TOUR
$ 935,000
Est. payment | /mo
2.1 Acres Lot
$ 935,000
Est. payment | /mo
2.1 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21436347
Lot Size 2.100 Acres
Property Sub-Type Other
Property Description
Value-add Opportunity – Augusta Park Mobile Home Community Presenting Augusta Park, a 19-lot mobile home community located in the heart of downtown Guin, Alabama, directly across from the 3M manufacturing facility—a major local employer driving consistent tenant demand. The property offers a pro forma cap rate of 8% and produces a $97,600 annual NOI, with 11 homes currently tenant-occupied under lease-to-own arrangements. Featuring net leases with no CAM and public utilities, this is a low-maintenance, income-generating investment with significant upside potential. Current rents remain below market, and the addition of simple on-site amenities such as vending or laundry could further enhance returns. With strong location fundamentals and built-in growth opportunity, Augusta Park represents a stable, scalable asset in a high-demand workforce housing market.
Location
State AL
County Marion
Area Marion County
Building
Sewer Connected
Water Public Water
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21436347
Listed by Keller Williams Homewood
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Jeremy Galloway
Agent | License ID: 119764
EXPLORE NEIGHBORHOODS IN BIRMINGHAM