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Roanoke MHP 460 Pine Valley Dr 75 Unit Mobile Home Park $2,950,000 ($39,333/Unit) Roanoke, AL 36274
INVESTMENT HIGHLIGHTS
- Diverse Tenant Base with Stable Cash Flow
- Attractive Location and Market Fundamentals
- Strong Rent Growth and Expansion Potential
- Low Operating Costs and Operational Efficiency
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Roanoke MHP, a well-established manufactured home park located in Roanoke, Alabama. This property consists of 75 total pads, 7 lot rent, 42 tenant owned homes via rent-to own, 3 vacant park owned homes, and 23 vacant pads. The park benefits from a direct-billing arrangement for electricity, while water and sewer services are provided by the city. Roanoke MHP offers a compelling investment opportunity, with a strong existing cash flow and significant upside potential through infill and rent growth.
Roanoke is a small city situated in the eastern part of Alabama, in the foothills of the Appalachian Mountains. Known for its affordable housing market, low cost of living, and proximity to larger regional economic hubs such as Birmingham and Atlanta, Roanoke is experiencing steady demand for affordable housing options. The area has a stable local economy, with industries like manufacturing and agriculture driving job growth, and the nearby Lake Wedowee attracting both residents and tourists. As housing affordability continues to be a critical issue across the U.S., Roanoke’s manufactured home market remains well-positioned for growth.
Roanoke is a small city situated in the eastern part of Alabama, in the foothills of the Appalachian Mountains. Known for its affordable housing market, low cost of living, and proximity to larger regional economic hubs such as Birmingham and Atlanta, Roanoke is experiencing steady demand for affordable housing options. The area has a stable local economy, with industries like manufacturing and agriculture driving job growth, and the nearby Lake Wedowee attracting both residents and tourists. As housing affordability continues to be a critical issue across the U.S., Roanoke’s manufactured home market remains well-positioned for growth.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,950,000 | Lot Size | 21.50 AC |
| Price Per Unit | $39,333 | Building Size | 936,540 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 75 | Year Built | 1976 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $2,950,000 |
| Price Per Unit | $39,333 |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 21.50 AC |
| Building Size | 936,540 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Opportunity Zone |
Yes |
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CONTACTS
-
Nick Lore -
Ryan Lipomi -
Dylan Hellberg -
William Graves -
Eddie Greenhalgh -
Marcus & Millichap
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Roanoke MHP | 460 Pine Valley Dr
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