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Alexander City MHP 40 Highland Pk 15 Unit Mobile Home Park $495,000 ($33,000/Unit) Alexander City, AL 35010
INVESTMENT HIGHLIGHTS
- Stable Cash Flow from Lot Rent Spaces
- Low Operating Expenses and Efficient Management
- Significant Upside Potential with Vacant Lots
- Attractive Location in a Growing Market
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Alexander City MHP, a well-positioned manufactured home park located at 40 Highland Park Lane in Alexander City, Alabama. This property consists of 15 total pads, including 14 lot rent spaces and 1 vacant lot. The park benefits from a direct- billing structure for electricity, with water provided by the city and septic for sewer. Alexander City MHP presents an excellent opportunity for investors looking for a stable, income-producing property with considerable upside potential. With its low operating costs, strong demand for affordable housing, and room to grow through the development of vacant lots, this property offers both immediate returns and long-term value appreciation in a desirable Alabama market.
Alexander City is a growing community located in central Alabama, situated on the shores of beautiful Lake Martin. Known for its natural beauty and recreational amenities, the area has seen steady demand for affordable housing, particularly in the manufactured home sector. The local economy is supported by a diverse mix of industries, including manufacturing, retail, and tourism, with residents benefiting from low cost of living and access to a wide range of local amenities. The city’s appeal as both a residential and recreational destination continues to drive demand for affordable housing, making Alexander City MHP a prime investment in a stable, attractive market.
Alexander City is a growing community located in central Alabama, situated on the shores of beautiful Lake Martin. Known for its natural beauty and recreational amenities, the area has seen steady demand for affordable housing, particularly in the manufactured home sector. The local economy is supported by a diverse mix of industries, including manufacturing, retail, and tourism, with residents benefiting from low cost of living and access to a wide range of local amenities. The city’s appeal as both a residential and recreational destination continues to drive demand for affordable housing, making Alexander City MHP a prime investment in a stable, attractive market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $495,000 | Lot Size | 30.00 AC |
| Price Per Unit | $33,000 | Building Size | 1,306,800 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 15 | Year Built | 1980 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $495,000 |
| Price Per Unit | $33,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 30.00 AC |
| Building Size | 1,306,800 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
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CONTACTS
-
Nick Lore -
Ryan Lipomi -
Dylan Hellberg -
William Graves -
Eddie Greenhalgh -
Marcus & Millichap
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Alexander City MHP | 40 Highland Pk
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