76-86 Garvey Road
Huntsville is HOT! Opportunity for investors on a 10-acre tract with 5 rental units occupying 2 of the acres. This is a charming property with 3 single wide mobile homes, 1 double wide manufactured home, and 1-bedroom barndo. Each home has carport parking, storage, and decks (unseen in other mobile home parks). 1 - 16'x75', 3/2 home, 1 - 16'x75', 3/2, 1 - 16'x86', 3/2, 1 - 30'x76', 4/3 manufactured home. This property is small enough for first time investor yet large enough for experienced developers AND there is hook ups for a 25'x44' double wide and up to a 14'x72' single wide for additional income! Partly wooded, dead end country road, quiet and charming. Cap rates in SW Huntsville around 9%, 7% in the city.
Listing Courtesy of EW & Associates Realty, LLC