$400,000
$400,000
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137 Morris Lane Toney, AL 35773
5.32 Acres Lot
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Metes And Bounds
MLS Listing ID 1803329
Sold Date 03/31/22
HOA Y/N No
Lot Size 5.320 Acres
Acres 5.32
Property Sub-Type Multi Family
Source Valley MLS
Property Description
Excellent profit producing investor property! This 12 space mobile home park is just minutes from the Toyota plant. Features 9 mobile homes, 1 lot lease and 2 additional vacant spots for potential additional income. Priced at a 9.5% cap rate with current NOI of 37,513. Tax records available to share. 2 parcels include 137 Morris and 157 Morris.
Location
State AL
County Madison
Direction From Holmes Ave. Take Pulaski Pike 14.7 Miles, Rt On Morris Rd. 1 Mile, Lt On Opp Reynolds Rd. Then Immediately Rt To Stay On Morris Rd For .8 Mile, Rt On Morris Ln, Mobile Home Park On Lt.
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Sewer Septic Tank
Water Public
New Construction Yes
Schools
Elementary Schools Madison Cross Roads
Middle Schools Sparkman
High Schools Sparkman
Others
Tax ID 0507250001030.000
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Copyright
Based on information from North Alabama MLS.
Bought with Re/Max Legacy
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