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Sunset Mountain & Homestead Mobile Home Parks 820 Highway 231 N 167 Unit Mobile Home Park For Sale Troy, AL 36081
INVESTMENT HIGHLIGHTS
- Publicly serviced water directly billed to tenants results in decreased expense load / management responsibilities.
- Paved roads throughout each park will provide new ownership with decreased capex budget upon takeover.
- Opportunity for new ownership to infill 50 empty pads resulting in significantly increased revenues.
- Below market rents representing the opportunity to increase revenue through gradual rental increases.
- Located in close proximity to Troy University which is home to 14,000 students and 700 faculty and staff (14,700 total).
EXECUTIVE SUMMARY
MH Pro Group is pleased to exclusively offer the sale of Sunset Mountain and Homestead Mobile Home Parks, a 167-pad manufactured housing community portfolio located in Troy, Alabama. This two-park portfolio consists of 54 park-owned homes (18 vacant), 61 tenant-owned homes, two rent-to-own units and 50 empty pads. Water services in both parks are connected to public water, with tenants directly billed at Sunset Mountain and billed back at Homestead. Sewer services at Sunset Mountain Park are public, with Homestead Park being serviced by individual septic tanks (1:1). Roads are paved asphalt throughout both parks, requiring minimal CapEx for future road work. Both Sunset Mountain and Homestead Parks benefit from their close proximity to Troy University (14,000 student body population) and other regional employers, resulting in strong housing demand in the surrounding area.
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PROPERTY FACTS
| Sale Type | Investment | Lot Size | 45.23 AC |
| No. Units | 167 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Sale Type | Investment |
| No. Units | 167 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 45.23 AC |
| No. Stories | 1 |
| Year Built | 1980 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $384,100 | |
| Land Assessment | $58,740 | Total Assessment | $442,840 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$58,740
Improvements Assessment
$384,100
Total Assessment
$442,840
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Sunset Mountain & Homestead Mobile Home Parks | 820 Highway 231 N
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