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Elberta Homes for Sale between $900,000 to $1,000,000

Elberta Homes for Sale between $900,000 to $1,000,000

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Elberta Homes for Sale Between $900,000 to $1,000,000

$990,000
409142 MLS
Income-producing mobile home park investment opportunity in Elberta, Alabama! Located at 10035 County Road 83, this property features 12 existing lots with 11 older mobile homes currently in place. Most homes are 2-bedroom, 1-bath units, with one 2-bedroom, 2-bath home and one 3-bedroom, 2-bath home. Parcel is zoned R-3 and is over 3.5 acres. The property is currently generating nearly $10,000 per month in gross rental income, with significant upside potential. With improvements, renovations, and active management, the property has the potential to generate approximately $13,000 per month in gross revenue. One additional home located on the 12th lot requires major renovation, presenting another value-add opportunity. The parcel also offers potential room to develop up to two additional lots, subject to buyer verification, zoning, permitting, utility availability, and any required approvals. Operating costs are currently low. A well provides water to all units, with an approximate $125 per month electric cost to operate the well. The homes are served by septic tanks, and a trash dumpster is provided for tenants at an approximate cost of $300 per month. Current property taxes and annual mobile home tag renewals are also low. No insurance is currently carried on the mobile homes. Conveniently located in the growing Elberta/Foley area and within easy reach of Baldwin County's beaches, shopping, dining, and employment centers, this property offers an excellent opportunity for an investor seeking immediate cash flow with substantial upside potential. The older mobile homes provide opportunities for renovation, improved management, and increased rental income. Please do not access property without an appt. Buyer to verify all information deemed important during due diligence, including income, expenses, occupancy, lot capacity, zoning, utilities, septic systems, property taxes, tag costs, insurance requirements, condition of improvements, and development potential. Buyer to verify all information during due diligence.

10035 County Road 83, Elberta

$989,000
5 Beds 3 Baths 407725 MLS
Discover a rare opportunity to own a private 9.4 +/- acre estate in Elberta, Alabama, surrounded by picturesque farmland and bordered by protected Forever Wild land. Offering privacy, versatility, and modern conveniences in a peaceful setting, this beautifully updated Craftsman-style property includes a 4-bedroom, 2-bath main residence, separate 2-bedroom, 1-bath guest/in-law suite, and a 30x30 barn with power and water. Designed for both comfortable everyday living and entertaining family and friends, the main home welcomes you with an inviting front porch and a spacious open-concept living area. The updated kitchen features Forno appliances, an upgraded vent hood system, and a touchless kitchen faucet, creating a beautiful and functional gathering space. The owners have made numerous thoughtful improvements throughout the property, including updated lighting, interior and exterior paint, a buried in-ground propane tank, and a tankless water heater. The propane system also provides an excellent foundation for the future installation of a whole-home generator. Starlink internet brings modern connectivity to this private acreage setting. Step outside and enjoy your own private retreat. A recently installed Swim Spa and hot tub provide the perfect place to relax or entertain, while 9.4 +/- acres offer plenty of room to enjoy the outdoors and the surrounding natural beauty. The separate guest/in-law suite adds flexibility to the property and features 2 bedrooms, a full bathroom, and its own kitchen. The 30x30 barn with power and water provides additional space for equipment, storage, hobbies, or recreational needs. Surrounded by farmland and backing to Forever Wild land, the estate enjoys a beautiful natural backdrop and an exceptional sense of privacy that is increasingly difficult to find. Schedule your private showing and experience this exceptional Elberta estate for yourself. Property includes PPIN 369901 and 380563. Buyer to verify all information during due diligence.

8794 Baptist Cp, Elberta

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© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .