6740 HIGHWAY 43 #1-19, Guin, AL 35563
6740 HIGHWAY 43 #1-19, Guin, AL 35563
6740 HIGHWAY 43 #1-19, Guin, AL 35563
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Karl Heckman

Karl Heckman

+1(205) 492-5669
$935,000
Est. payment /mo
2.1 Acres Lot
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21436347

Lot Size 2.100 Acres

Property Sub-Type Other

Property Description

Value-add Opportunity – Augusta Park Mobile Home Community Presenting Augusta Park, a 19-lot mobile home community located in the heart of downtown Guin, Alabama, directly across from the 3M manufacturing facility—a major local employer driving consistent tenant demand. The property offers a pro forma cap rate of 8% and produces a $97,600 annual NOI, with 11 homes currently tenant-occupied under lease-to-own arrangements. Featuring net leases with no CAM and public utilities, this is a low-maintenance, income-generating investment with significant upside potential. Current rents remain below market, and the addition of simple on-site amenities such as vending or laundry could further enhance returns. With strong location fundamentals and built-in growth opportunity, Augusta Park represents a stable, scalable asset in a high-demand workforce housing market.

Location

State AL

County Marion

Area Marion County

Building

Sewer Connected

Water Public Water

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/bham/21436347

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Listed by Keller Williams Homewood

NEARBY SCHOOL & BUSINESS

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Karl Heckman

Karl Heckman

+1(205) 492-5669

Agent | License ID: 404705553965768

Agent License ID: 404705553965768

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