Price Reduction
Address
137 Morris Lane, Toney, AL
Price
$ 749,900
Property Attributes
  • MLS#1817420
  • TypeMulti-Family
  • CountyMADISON
  • CityToney
  • NeighborhoodMetes And Bounds
  • Zip35773
  • StyleMulti Family
  • Price$ 749,900
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size5.32 Acres
Data Source:
Valley MLS
Property Description

Excellent income producing investor property on 5.32 +/- acres! This 12 space mobile home park is just minutes from the Toyota plant in Sparkman school district. Features 9 mobile homes, 1 lot lease and 2 additional vacant (underdeveloped) spots for potential additional income. The property currently has a yearly income of $58,500. The tenants pay their own water and electricity. All tenants are on a month-to-month lease and all rents are below market value. This property consists of 2 parcels include 137 Morris and 157 Morris. Units range from 2019 to 1986 year models.

Elementary School Middle School High School
Madison Cross Roads Elementary School Sparkman Middle School Sparkman High School
Price History
9/2/2022 Listed $799,900
10/2/2022 7% - $749,900

General Features

City Toney
Co-Listing Agent Last Name Cody
Co-Listing Agent Last Name Smith
County MADISON
Directions From Holmes Ave. Take Pulaski Pike 14.7 Miles, Rt On Morris Rd. 1 Mile, Lt On Opp Reynolds Rd. Then Immediately Rt To Stay On Morris Rd For .8 Mile, Rt On Morris Ln, Mobile Home Park On Lt.
Elementary School Madison Cross Roads
High School Sparkman
Listing Agent Name David Elmore
Listing Agent State License 72643
Lot Size Square Feet 231739.2
Middle/Junior High School Sparkman
Property Condition Unknown
Property SubType Multi Family
Property Type Residential Income
Sewer Septic Tank
Standard Status Active
Status ACTIVE
Street Name Morris Lane
Subdivision Name Metes And Bounds
Total Units 10

Interior Features

Heating Y/N No
Living Area Units Square Feet

Exterior Features

Building Area Total 9776
Lot Size Acres 5.32
Lot Size Area 5.32
Lot Size Units Acres
Number of Buildings 9
Parking Features Private
Total Parking 10
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 35773

Price
AVG $750K
$750K
Visits
AVG 23
22

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