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Troy MHP 2959 County Road 2214 23 Unit Mobile Home Park $695,000 ($30,217/Unit) Troy, AL 36079
INVESTMENT HIGHLIGHTS
- Stable Cash Flow from Rent-to-Own Homes
- Low Operating Expenses and Efficient Management
- Expansion Opportunity with Vacant Pads
- Affordable Location with Long-Term Growth Potential
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Troy MHP, a well-located manufactured home park in Troy, Alabama. This property consists of 23 total pads, including 5 lot rent, 12 tenant owned homes via rent-to own, 4 vacant park owned homes, and 2 vacant pads. Electricity is billed directly to tenants, while water is provided by the city and sewer is serviced via septic. Troy MHP is an attractive investment opportunity for buyers seeking a stable, income-producing property with opportunities for further growth. With a strong tenant base, manageable operating costs, and significant upside potential in filling vacant pads, this property offers solid returns in a growing, affordable market.
Troy, Alabama, is a growing city situated in the southeastern part of the state, known for its strong agricultural base and vibrant local economy. Home to Troy University, the city benefits from a stable population base of students, faculty, and staff, alongside a thriving regional workforce. The area’s affordable housing market and low cost of living make it an attractive location for residents seeking economical living options. Troy’s proximity to major transportation routes and nearby cities like Montgomery and Dothan enhances its accessibility and further drives demand for affordable housing, making Troy MHP a prime investment in a steadily growing market.
Troy, Alabama, is a growing city situated in the southeastern part of the state, known for its strong agricultural base and vibrant local economy. Home to Troy University, the city benefits from a stable population base of students, faculty, and staff, alongside a thriving regional workforce. The area’s affordable housing market and low cost of living make it an attractive location for residents seeking economical living options. Troy’s proximity to major transportation routes and nearby cities like Montgomery and Dothan enhances its accessibility and further drives demand for affordable housing, making Troy MHP a prime investment in a steadily growing market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $695,000 | Apartment Style | Garden |
| Price Per Unit | $30,217 | Building Class | C |
| Sale Type | Investment | Lot Size | 12.98 AC |
| No. Units | 23 | Building Size | 565,409 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1900 |
| Price | $695,000 |
| Price Per Unit | $30,217 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.98 AC |
| Building Size | 565,409 SF |
| No. Stories | 1 |
| Year Built | 1900 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 1803-0600000-060110 | Improvements Assessment | $14,680 |
| Land Assessment | $10,380 | Total Assessment | $25,060 |
PROPERTY TAXES
Parcel Number
1803-0600000-060110
Land Assessment
$10,380
Improvements Assessment
$14,680
Total Assessment
$25,060
CONTACTS
-
Nick Lore -
Ryan Lipomi -
Dylan Hellberg -
William Graves -
Eddie Greenhalgh -
Marcus & Millichap
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Troy MHP | 2959 County Road 2214
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