1444 Watermain Street E, Semmes, AL 36575 - Mobile County

Welcome to Watermain Estates, a thriving mobile home park in Semmes! Situated on approximately 5.5 acres with no zoning restrictions, this property includes 13 rental mobile homes and a 1-bedroom apartment.

At the heart of the park sits a centrally located doublewide residence—an ideal home for an owner or manager to live in while overseeing the community. The rental income from the 13 units more than covers mortgage and expenses, ensuring a profitable investment. With long-term tenants and full occupancy, the property boasts a strong 16% cap rate.

Watermain Estates generates a gross annual income of over $129,000, with low operating expenses of just $28,000, making it a high-yield opportunity. All units are already occupied, providing immediate cash flow.

This is an excellent chance to own a well-established rental community with steady income and room for growth. Sale to include John Deere Tractor, John Deere Zero turn lawnmower, Honda Power Washer, Dual axel flatbed trailer and misc. vacuums, carpet cleaners and tools, etc. estimated at $22,500. For rental data, financial details, or to schedule a private showing, contact us today!

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