This income-producing property offers a significant value-add opportunity with 5 park-owned homes currently generating $4,100 in monthly gross income. The site sits on 4.66 flat, mostly clear acres featuring an asphalt driveway extending to the rear, with power and water lines already in place. There are no zoning restrictions or requirements for this property. To proceed with development, simply submit a site plan directly to the City of Semmes for approval. This property offers significant income-growth potential, with the immediate opportunity to add eight additional pads. Financials: Gross Annual Rent: $49,200 Annual Expenses: $5,710 NOI: $43,500 Cap Rate: ~13.38% This property provides strong cash flow, a high yield, and low overhead. Property viewings are permitted following contract acceptance. All offers must include proof of funds or pre-approval for a commercial property. The water is on a single meter with a $200 monthly cost, which is paid by the park owner. All electricity and other power utilities are separately metered and paid for by the tenants.
Twin Lakes, located between Snow Road and Moffett Road, is a residential and lake-adjacent Semmes neighborhood with wooded streetscapes and pocket-water views. The neighborhood’s character concentrates around the Snow Rd and Moffett Rd crossroads, where local storefronts and everyday errands cluster in a distinctly small-town commercial strip. Homes lean toward contemporary suburban builds with generous lots and a quiet, set-back-from-traffic feel. The nearby lakes and drainage ponds shape the landscape, bringing birdsong and evening walks into the daily rhythm. A short drive connects to Semmes Community Park for fields and trails, while nearby diners and produce stands keep the tone local and familiar.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Laminate and vinyl flooring
Ceiling fans
Central heating
Flooring
Laminate
Vinyl
Heating & cooling
Central heating
Central air
Exterior features
Wood fencing
Property has a view
Home design
Residential income property
No accessibility features
Parking
Parking varies by unit
Construction
Other construction materials
Other roof type
No notable window features
Utilities
Electricity available
Water available
Septic tank
Financial info
Five total units
Electricity and solar
View estimated energy costs and solar savings for this home