Alabama Multi-Family Commercial Real Estate
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Airport Road Mobile Home Park
3401 N Airport Rd
Jasper, AL
Lot Size:10.00Acres
Property is located on Airport Road on the right between Ridgewood Road and Highway 257 (Curry Hwy) Delta Group LLC is pleased to exclusively market for sale Airport Road Mobile Home Park in Jasper, AL. Airport Road MHP is a 42 lot park with a total of 30 trailers - 28 Park Owned, 2 Tenant Owned. (10 out of the 30 trailers are currently vacant) The park has paved roads, city water, and septic for each lot. The rents range from 500-750 monthly. Please call listing broker for additional info.
$850,000

8 unit townhome property
1707 Somerville Rd SE
Decatur, AL
Lot Size:0.48Acres
Dean Commercial Real Estate is pleased to present this value add investment of an 8 unit townhome property located in the city of Decatur just off 6th Avenue. It is conveniently located near Decatur Hospital, I-565/I-65, Decatur High School and Beltline Road. Morgan County boasts a diverse economic base, from nearly 20 Fortune 500 companies to innovative entrepreneurs and small business owners. The nearby interstate highway system, Huntsville International Airport (with intermodal system) and the Tennessee River have made Decatur a prime location for business. Decatur is listed at No. 37 for housing markets in the country on the Emerging Housing Markets Index for winter 2022 according to the Wall Street Journal/Realtor.com. Personal and business finance website Kiplinger recently ranked Decatur as the 17th least expensive U.S. city in which to live. This property mix has lots of potential with some updates and re-tenant at higher rental rates supported by the market and shortage of rental properties. Since 2010, several updates have been made including some water heaters, part of the roof, and various updates to units in the 8-plex.
$650,000

Magnolia Place
25258 US Highway 98
Elberta, AL
Lot Size:4.35Acres
South side of HWY 98 approximately 2 miles east of Foley Beck Partners Investment Sales is pleased to invite investors to review the Investment Offering for Magnolia Place Apartments a 1986 vintage, boutique 16-unit Class B+ asset located in Elberta Alabama. Elberta is only minutes away from booming Foley Alabama within Baldwin County, the fastest growing county in Alabama and the 7th fastest in the US. Magnolia Place provides residents with a safe and affordable living experience in a quiet neighborhood setting. The thoughtful design and product quality of Magnolia allows for easy management and maintenance. Magnolia Place represents an exceptional, long-term investment opportunity to acquire a high quality asset with extraordinary potential and future opportunity that will enhance any portfolio. Current ownership has greatly improved the property with new parking lot, new roofs, and interior unit upgrades, further improvements of laundry facility and conversion of office to a rental unit will provide additional revenue.
$1,575,000

Lenox Square Apartments
932 Crescent Ridge Rd E
Greater Alberta, Tuscaloosa, AL
Lot Size:0.86Acres
Property is located on the corner of Crescent Ridge Road and University Blvd In Tuscaloosa, AL only 2.7 mi. from U of A campus. Rare Cash Producing Multi-Family Opportunity only 2.7 mi. from U of A campus. 100% leased with waiting list. On-site property manager with full-time repairman living in complex. All utilities including Sewer on-site. Tenant Clubhouse and Laundry Room located on property as well.
$1,700,000

(13% CAP RATE)-MAGNOLIA FARMS RV PARK FOR SALE SELLER FINANCING AVAILABLE!
13381 Liscomb Rd.
Foley, AL
Lot Size:4.90Acres
LOCATED MINUTES FROM THE GULF BEACHES IN ALABAMA! This cash-flowing machine is located in Foley, Alabama with 5 million tourists that visit every year and is only a 25-minute drive to Gulf Shore Beaches. Attractions include OWA (roller coaster park), miniature putt-putt, go-karts, and shopping malls on US-Highway 59. We call this the “Vegas Strip” of Foley, Alabama. This is where many restaurants are located for you to enjoy. Baldwin County is the FASTEST growing county in Alabama! Large variety of attractions to tourists. 40 minutes from Pensacola Beach, and 55 minutes from Mobile, Alabama and the USS Alabama (Museum) THE MAGNOLIA RV PARK IS A 48 LOT RV PARK THAT SITS ON A 4.9 ACRE LOT IN MAGNOLIA SPRINGS ALABAMA. THE PROPERTY IS JUST 20-25 MINS FROM WOULD FAMOUS GULF BEACHES, ALABAMA’S #1 TOURIST ATTRACTION. THE PARK HAS BEEN RECENTLY UPDATE AND IS IN IMMACULATE CONDITION. THE PARK HAS AN AVERAGE OCCUPANCY OF OVER 82%, WITH STEADY OCCUPANCY YEAR-ROUND. THE PARK HAS IMMENSE UPSIDE AS THE AVERAGE DAILY AND MONTHLY RATES ARE SOME OF THE LOWEST IN THE ENTIRE AREA. MAGNOLIA FARMS CURRENTLY CHARGES APPROXIMATELY $470 PER MONTH AND $40 A NIGHT, OTHER PARKS IN THE AREA CHARGE AN AVERAGE OF $550 PER MONTH AND $65 A NIGHT! THE SELLER IS OFFERING AMAZING SELLER FINANCING TERMS THAT MAKES THIS DEAL EVEN MORE ATTRACTIVE FOR AN INVESTOR. APPROXIMATE SELLER FINANCING TERMS ARE AS FOLLOWS: $550,000 DOWN PAYMENT, 4.5% FIXED IR, INTEREST ONLY PAYMENTS, 5-YEAR BALLOON. YOU CAN'T FIND FINANCING THIS GOOD ANYWHERE ELSE IN THE CURRENT MARET. (PLEASE SEE PAGE 3 FOR THE FULL SELLER FINANCING DETAILS.) CURRENTLY, THIS AMAZING INVESTMENT OPPORTUNITY HAS AN IN-PLACE CAP RATE OF OVER 13% AND A CASH-ON-CASH RETURN OF OVER 21%. DUE TO THE UNDER MARKET RENTAL RATES, THE PARK HAS MASSIVE UPSIDE FOR AN INVESTOR AS THEY CAN EASILY INCREASE THE RENTAL RATES TO THE MARKET AVERAGE. A BUYER CAN OBTAIN A CAP RATE OF OVER 15% AND A CASH-ON-CASH RETURN OF OVER 26% IN 2022, JUST BY BRINGING THE NIGHTLY AND MONTHLY RENTAL RATES TO THE MARKET AVERAGE! THESE ARE SOME OF THE BEST RETURNS YOU CAN FIND ANYWHERE IN THE COUNTRY RIGHT NOW! GIVEN ITS IMMACULATE CONDITION, RECENT IMPROVEMENTS, INCREDIBLE DEMAND AND, ITS LOCATION, THIS ASSET WILL ONLY INCREASE IN VALUE OVER TIME. THERE IS ALSO OVER .5 ARCES OF UNDEVELOPED LAND DIRECTLY NEXT TO THE RV PARK THAT IS INCLUDED IN THE SALE FOR A BUYER TO USE IN THE FUTURE! SELLER FINANCING APPROXIMATE TERMS: DOWN PAYMENT: $550,000! FIXED INTEREST RATE: 4.5% INTEREST ONLY PAYMENTS OR AN AMORTIZATION OF 30-YEARS BALLOON LENGTH: 5- YEARS MONTHLY DEBT SERVICE AS LOW AS $ 1,979! MAGNOLIA FARMS RV PARK SITS ON 4.9 ACRES WITH 48 SITES, WITH THE MAJORITY OF THE SITES BEING 50-AMP HOOKUPS. THE HIGH-END AMENITIES THE PARK OFFERS HAVE LED TO FANTASTIC OCCUPANCY RATES CONSISTENTLY YEAR OVER YEAR. THE PARK EVEN HAS A LONG WAITING LIST WITH MANY ARE RETURNING CUSTOMERS! DEMAND IS SO HIGH THAT OWNERSHIP REGULARLY HAS TO TURN PEOPLE AWAY DURING THE WINTER MONTHS (OCT-MAY)! THIS AMAZING DEMAND HAS LED TO THE PARK BEING A CASH COW WITH AN IN-PLACE CAP RATE OF OVER 13%! THE RETURNS WILL ONLY INCREASE AS THE CURRENT RENTAL RATES ARE EXTREMELY LOW COMPARED TO OTHER RV PARKS IN THE AREA! AMENITIES: THE PARK HAS CABLE, WIFI, AND PROVIDES FULL HOOK UP ACCESS FOR ALL CUSTOMERS, CLUBHOUSE FOR GUESTS, LAUNDRY AND OTHER ACTIVITIES SUCH AS A FIRE PIT AND KAYAK RENTALS, AND A HORSESHOE AREA. THE PARK ALSO HAS RESTROOMS WITH SHOWER ACCESS. UTILITIES: DESPITE OWNER PAYING FOR ALL UTILITIES AND WATER EXPENSE, IT IS ENTIRELY COVERED BY GUESTS AS PART OF THE RENTAL RATE THEY CHARGE GUESTS WITH ZERO NET COST TO THE OWNER. MANAGEMENT: TURN-KEY OPERATION! CAREFULLY MANAGED BY TENANTS WHO LIVE ON SITE, PROVIDING AROUND THE CLOCK SECURITY AND HELP FOR ALL GUESTS. 3 MANAGERS LIVE ON-SITE (UNITS A19, B12 AND, C14) WHO HELP RUN THE DAY-TO-DAY OPERATIONS IN EXCHANGE FOR FREE MONTHLY RENT. THIS IS A HUGE BENEFIT FOR AN OUT OF STATE INVESTOR AS THEY CAN FEEL COMFORTABLE KNOWING THE PARK IS BEING CARED FOR 24/7, ALL THE WHILE NOT HAVING ANY EXTRA MANAGEMENT FEES. THE MAINTENANCE STAFF IS WILLING TO STAY ON BOARD AND CONTINUE TO HELP THE NEW OWNER AFTER CLOSING, THERE ARE ALSO TWO SETS OF WORK CAMPERS WILL BE INCLUDED IN THE SALE. RECENT RENOVATIONS AND UPDATES TO THE PARK INCLUDE BUT ARE NOT LIMITED TOO: IMPLEMENTED FIBER OPTIC WIFI, OWNERS RV COMES WITH SALE OF PROPERTY (2015 GRAND DESIGN SOLITUDE, ADDED 4 RV SPOTS TO THE PARK, NEW PLUMBING AND NEW ELECTRICAL BOXES AT THE PROPERTY, NEW LANDSCAPING, NEW SIGNS AT THE FRONT OF THE PARK WHERE GUESTS ENTER, NEW CLUBHOUSE FOR GUESTS TO USE, NEW PICNIC AREA, NEW LAUNDRY FACILITY, NEW ROADS INSIDE THE PARK AND MUCH MORE! LOCATION: THIS CASH-FLOWING MACHINE IS LOCATED IN FOLEY, ALABAMA WITH 5 MILLION TOURISTS THAT VISIT EVERY YEAR AND IS ONLY A 25-MINUTE DRIVE TO GULF SHORE BEACHES. ATTRACTIONS INCLUDE OWA (ROLLER COASTER PARK), MINIATURE PUTT-PUTT, GO-KARTS, AND SHOPPING MALLS ON US-HIGHWAY 59. WE CALL THIS THE “VEGAS STRIP” OF FOLEY, ALABAMA. THIS IS WHERE MANY RESTAURANTS ARE LOCATED FOR GUESTS TO ENJOY. BALDWIN COUNTY IS THE FASTEST GROWING COUNTY IN ALABAMA! LARGE VARIETY OF ATTRACTIONS TO TOURISTS. 40 MINUTES FROM PENSACOLA BEACH, AND 55 MINUTES FROM MOBILE, ALABAMA, AND THE USS ALABAMA (MUSEUM).
$1,050,000

28 SF Portfolio
1901 Canterbury Cir NW
Huntsville, AL
Building Size:35,500SF
This portfolio is located in Alabama with 27 in Huntsville and 1 in Decatur. Most have 3 bedroom and 1.5 baths. Several have had updates recently. Huntsville's cost of living is below the US average and is one of the most attractive features of individuals moving from high-cost markets. The Motley Fool named Huntsville #2 for High Salaries and Low Costs of Living - November 2019. In 2019, U.S. News & World Report named Huntsville the #1 Best Affordable Place to Live and #11 Best Place to Live in the country. Forbes has named Huntsville one of the Top 20 Leading Metros for Business and Kiplinger’s Personal Finance has named Huntsville one of the country’s Top 10 Cities for Raising Families. These single family homes are mostly small homes built in the 1960's. There are two Section 8 houses currently. Plans are to make 2 of the empty ones Section 8.
$2,400,000
1308 34th St S
Highland Park, Birmingham, AL
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Magnolia Mobile Home Park
131 County Rd 731
Clanton, AL
Lot Size:30.00Acres
Located just off State Hwy 145 a mile from the new Proposed Alfa Centennial Event Center. 30 Acres with 14 park owned homes. 24 homes have been surveyed and perk tested. Currently there are only 5 acres that have been developed. Therefore, there is plenty of room for expansion to include RV lots, more mobile homes and Boat Storage. This property is located a mile from the new proposed Alfa Centennial Farm Event Center which is expected to hold events 300 days per year. 4 of the 14 units are currently leased. Therefore, there is a wide gap for value add. Also, all units are separately metered for water but the current owner is paying water. This can easily be passed on to the tenants.
$399,000
310 Greene St SE
Huntsville, AL
Building Size:6,042SF
$1,550,000
2520 Mamie L Foster
Birmingham, AL
Building Size:700SF
$250,000
Kress Lofts
511 23rd Avenue
Downtown, Tuscaloosa, AL
Located in the heart of downtown Tuscaloosa.
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Hilltop Apartments
19619 Wilters St Apt 37
Robertsdale, AL
Lot Size:6.80Acres
Convenient location to services; close to elementary school 36 Unit, all 2 bedroom in three buildings on 6.8 acres, close to elementary school. Section 8 HAP contract. Confidentiality agreement required for full package information. Owner requires no showings without advance notification: Tours, inspections and conversations with site staff are prohibited without advance owner permission and proper escort. Additional contiguous land is available.
$1,575,000

The Oaks on Main
Columbia Highway
Lakeview, Dothan, AL
Lot Size:23.87Acres
Located in Dothan, Alabama in the Wiregrass Region of Southeastern Alabama directly across the street from Southeast Health Hospital (the largest employer in Dothan) and 2 miles away from ACOM (Alabama College of Osteopathic Medicine). Development of Phase 1 will consist of 230 apartment units varying in size and style with a pool, trash compactor, carwash/ maintenance building, 6 garage buildings (18 attached garages, 40 external garages (1 H/C), 401 surface parking spaces and a leasing and mail center. Development of Phase 2 will consist of 132 apartment units varying in size and style with 255 surface parking spaces and 2 garage buildings (with external 12 garages).
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Robina's Mini Storage
13520 U.S. 231
Union Grove, AL
Lot Size:3.45Acres
Robina's Mini Storage is located in on U.S. HWY 231 in Union Grove, a city within the Huntsville-Decatur Combined Statistical Area. The facility is located on a main thoroughfare running between Huntsville and Arab and has great visibility from the roadway. Robina's Mini Storage is a 66-unit, 8940 NRSF facility located in Union Grove, Alabama. There are multiple income streams with this property including self storage rental, a single family rental home and two 1500 sq.ft. leased auto maintenance garages. There is additional warehouse space which is currently being utilized as a rental office, hair salon and rental space. There is ample opportunity to add value through additional rental of this space. The self storage facility represents a value-add opportunity as rents and occupancy are currently below market and space exists to add additional units. The owner is currently operating a salon in the retail space attached to the office and would consider leasing the space from the new owner. The single family rental home is a 1622 sq.ft. 3 bed/2 bath house. The house is qualified for section 8 and is currently rented below the max allowable rental rate. The owner has recently renovated the house to include new HVAC, new flooring, new back door and new paint. The current owner isn't actively pursuing the self storage business. Based on a very conservative 75% occupancy, the Net Operating Income is over $45,000. Before the owner's husband passed away, the facility was typically 95%+ occupied.
$350,000
Fold's Mobile Home Park
2170 Hwy 430
Smiths, AL
Lot Size:6.21Acres
Located in Smiths Station, AL There is a total of 7 Park Owned Homes - Occupied 2 Vacant Pads (Undeveloped) 9 Total Pads Market Rents: $800 to $850 2170 - $000 (1963) Site Built House (Maintenance man)
$420,000
85 County Road, 7717
Troy, AL
Lot Size:3.60Acres
Troy, AL Market Rents $700/mo. park owned homes. $250/mo lot rent (single $325/mo) (double wide) Owner invested $60k in house renovations Owner invested $13,000 in septic upgrades in 2020 5 Tenant Owned Homes 7 Park Owned Homes - Occupied 4 Vacant Pads
$550,000
Auburn - Opelika MHP Portfolio
1100 York Avenue - 719 Fruitland Avenue - 290 Lee Road 43 MHP Portfolio
Opelika, AL
Lot Size:10.22Acres
Located in Opelika, Alabama. 3 MHP Sold Together. 1100 York Avenue, Opelika, AL - Rainbow Acres MHP Price: $500,000.00 Building Size: 20,000 SF Number of Units: 22 Lots Lot Size: 2.84 Acres There is a total of 13 occupied park-owned homes on this property. There is a total of 22 occupied lots on property. 719 Fruitland Avenue, Opelika, AL - P&B MHP Price: $362,500.00 Building Size: 15,000 SF Number of Units: 29 Lots Lot Size: 2.94 Acres There is a total of 29 lots – 3 occupied lots and 26 vacant lots. 290 Lee Road 43, Opelika, AL – Countryside MHP Price: 260,000.00 Building Size: 16,000 SF Number of Units: 14 Lots Lot Size: 4.44 Acres There is a total of 7 park-owned homes on property – 4 occupied and 3 vacant homes.
$1,122,500
Amber Villa Apartments
716 W Edgemont Ave
Montgomery, AL
Lot Size:0.34Acres
• 8 minutes from Maxwell AFB, 7 min. from Montgomery Capitol, 8 min. from ASU campus, 7 min. from Huntingdon College and 6 min. from I-65
• All units fully renovated
• New utilities in every unit
• Room for rent growth
•Security Gate newly built surrounding property
$750,000
180 State Docks Road
180 State Docks Rd
Eufaula, AL
Building Size:24,784SF
Property located in Eufaula, AL Newly renovated and just now Leasing-up multi-family in area with a shortage of housing. 32 units ... 16 units are 2 bedroom, 1 bath ... 16 units are 1 bedroom, 1 bath. Target rents for 2/1's are $695/mo and 1/1's are $600/mo. Buildings are brick with commercial metal roofing. New vinyl windows and patio doors, new floor covering, new kitchens and appliances Office building with a laundry. Laundry room was just updated with new technology. All new LED parking lot lights were just installed. Completely Fenced. Paved parking. Green space. Adjacent to shopping areas.
$1,850,000
290 Lee Rd 43 - Countryside MHP
290 Lee Rd
Opelika, AL
Lot Size:4.44Acres
This property is at 290 Lee Road 43, Opelika, Alabama. There is a total of 7 park-owned homes on property - 4 occupied and 3 vacant homes. Utilities: Water Supply - City - Paid by Tenant Sewer System - Septic Electric - Paid by Tenant Gas - LP Gas - Paid by Tenant Trash: Dumpster - City - Paid by Park
$260,000
0 Fruitland Avenue - P&B MHP
0 Fruitland Avenue
Opelika, AL
Lot Size:2.94Acres
Located in Opelika, Alabama. There is a total of 29 Lots - 3 occupied lots and 26 vacant lots. Utilities: Water Supply - City - Paid by Tenant. Sewer System - City - Paid by Tenant. Electric - Paid by Tenant. Gas - Natural Gas - Paid by Tenant. Trash - Curbside - City.
$362,500
Oak Hill Mobile Home Park
Oak Hill Drive
Alexander City, AL
Lot Size:35.00Acres
$399,000
Baldwin Beach Express RV Park
17587 Baldwin Beach Express
Summerdale, AL
Lot Size:5.74Acres
$875,000
Class A rig RV Park
27450 Glass Rd
Robertsdale, AL
$1,395,000
Canal Place Apartments
807-911 East Canal Drive
Gulf Shores, AL
Lot Size:0.78Acres
$990,000
Magnolia Creek Park
17421 Wayne Hollis Lane
Foley, AL
Lot Size:0.85Acres
$150,000
Gilman Mobile Home Park
01 Ima Lane
Atmore, AL
Lot Size:8.00Acres
$375,000
Cartersville Place
1193 County Road 141
Flat Rock, AL
Lot Size:0.70Acres
$95,000
Bay Villa Apartments
604 East 4th Street
Bay Minette, AL
Lot Size:0.99Acres
$37,125
DeTonti Square Area
260 N Jackson St
Central Business District, Mobile, AL
Lot Size:0.14Acres
$299,000
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Market Stats
Alabama has 5,965 commercial real estate spaces for lease, representing 82,292,206 sqft space.
4747 buildings are available for sale.
In the past 30 days, Alabama has had 535 spaces leased and 39 new spaces come on market.
Top Cities in Alabama
Metropolitan areas in Alabama
Counties in Alabama
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