Back
Active - Mixed Use for sale
1444 Watermain Street E, Semmes AL 36575
Facts & features
Why you’ll love it
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!
Listings courtesy of Keller Williams Mobile.
Listed by: Melissa Dixon • 251-533-1564 • Keller Williams Mobile
Co-listed by: Marcile Sims • 251-533-1564 • Keller Williams Mobile
Source: Mobile MLS, MLS#: 7525020
Based on info available as of Nov 13, 2026 at 1:33 AM EST.
Come see by yourself
Affordability
$3,039/mo
- Mortgage$2,928
- Property tax$112
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
Discover the neighborhood
Travel times
About Semmes
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 01:33am EST.
