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

Residential income properties

Property subtype

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%

  $9,069

  6.5%

  $8,371

  7%

  $7,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,665

  Geo Method

  $5,950

• Alternative Use

  Use

  Valuation

  Residential

  $8,371

  Hospitality

  $7,668

  Educational

  $6,380

  Medical

  $6,599

  Retail

  $9,924

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.272

Longitude

-86.2707

Property Tax & Assessments

FAQs

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