Perfect investment opportunity on 2.3 acres with 8 tiny homes. Current at 100% occupancy this property located on Highway 59 is in the heart of Summerdale. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.
Property Features
Cooling Information
Central Air
Heating Information
Central
Water Features
Private
Utilities
Electricity Available
Parking
Driveway
School Information
School Information for 318 State Highway 59 N, Summerdale, AL 36580
Elementary School
Summerdale
Middle School
Summerdale
High School
Robertsdale
Listing Courtesy: Wise Living Real Estate, LLC - 251-928-9473