🏡 Multi-Unit Income Property on 4.9 Acres | Value-Add or Hold

Rare opportunity to acquire a main house + two mobile homes on nearly 5 acres just outside Wetumpka. This property offers multiple income streams, long-term tenants in place, and clear upside through light rehab or full repositioning.

The main home is a 4 bed / 1 bath with a usable square footage of 1,248 sq ft. Two additional mobile homes sit on the property, both currently tenant-occupied.

This deal is ideal for a buy-and-hold investor, land play with improvements, or a flip + rental hybrid strategy.

🔑 Property Highlights:

Main House

4 beds / 1 bath
Approx. 1,248 sq ft (includes an added bedroom)
Currently tenant-occupied at $750/month (lease up in April)
New HVAC (1 year old)
Rental-ready with light updates
Kitchen & bath in fair rental condition
Flooring, paint, and plumbing clean-out recommended

Minimal work needed to keep as a rental.
For a flip, there’s room to upgrade the layout, finishes, and roof if desired.

Larger Mobile Home

3 beds / 2 baths
Long-term tenant (16 years) paying $575/month and would like to stay
Well maintained
Newer HVAC
Good rental condition
No repairs needed if tenant remains

This unit can continue producing income with little to no upfront work.

Smaller Mobile Home

2 beds / 1 bath
Tenant paying $375/month
Window unit HVAC
Good rental condition
Would need cosmetic refresh if vacated

📊 Value Breakdown:

Main House ARV: $150K–$155K
Land Value: 4 additional acres @ $15K/acre = $60K
Larger Mobile Home Value: $30K
Smaller Mobile Home Value: $20K

Total ARV: $250K–$275K (depending on finishes)

💡 This Property Works Well For:

• Buy-and-hold investors seeking multiple income streams
• Land investors with upside acreage
• Investors looking to scale Section 8 or workforce housing
• Flip + hold hybrid strategies

Strong tenant history, flexible exit strategies, and clear value-add paths make this a solid Alabama investment play.

📲 Contact Lanier at 334-201-0507 to schedule a showing.

Comps/ARV:
ARV: $250K–$275K
Comp 1: 1452 Flatwood Rd sold for $175,390 @ $99/sqft and is a 3/2 1771 sqft on 12/4/2025 (1.05 acres)
Comp 2: 143 Wildberry Ln sold for $205,000 @ $119/sqft and is a 4/2 1728 sqft on 5/16/2025 (6 acres)
Comp 3: 2850 Flatwood Rd sold for $175,000 @ $97/sqft and is a 3/2 1800 sqft on 5/16/2025 (.41 acres)
Comp 4: 1839 Flatwood Rd- 2 ac lot sold for $30,000