1015 Rhea AveOpp, AL 36467

Property Details for 1015 Rhea Ave

Year built

1900

Lot size

1.00 AC

Property size (Sq ft)

54 SF

Property type

Mobile home & RV parks

APN

23-11-09-32-2-003-022.000

APU

231109322003022000

Description

This fee-simple owned, stabilized investment opportunity presents a 67-unit mobile home park situated on 15 acres in Opp, Alabama, within the Enterprise MSA. The property, identified by APN numbers 23 11 09 32 2 003 022.001 and 23 11 09 32 2 003 022.000, boasts 67 buildings, each a single-story unit. All units are served by city utilities, providing a reliable infrastructure. The park benefits from an existing stable tenant base, contributing to a high current cash flow. This represents a compelling opportunity for investors seeking a proven, income-generating asset in a convenient location at 1015 Rhea Ave, Opp, AL 36467 (latitude 31.271953, longitude -86.2724725). The property is located in Covington County. All site visits require prior scheduling.

• CAP approach

  CAP return

  Valuation

  6%

  $10,056.40

  6.5%

  $9,282.80

  7%

  $8,619.74

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,276.15

  Geo Method

  $4,491.47

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,465.30

  Retail / Commercial

  $7,534.76

  Mixed-Use / Specialty

  $7,600.12

  Hospitality / Lodging

  $5,696.03

  Office

  $7,651.02

  Institutional / Educational

  $7,934.02

  Multifamily

  $10,622.10

  Automotive / Energy

  $6,800.58

  Parking / Income-Based Land

  $2,255.69

  Restaurant / Food Service

  $4,149.69

  Healthcare / Senior Housing

  $7,699.21

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.272

Longitude

-86.2707

Property Tax & Assessments

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