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420 Martin Luther King Jr Pky
Phenix City, AL 36869
Laurel Manor Estates MHP · Multifamily Property For Sale · 744,876 SF

PROPERTY FACTS

No. Units 127
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low-Rise
Building Class C
Lot Size 17.10 AC
Building Size 744,876 SF
No. Stories 1
Year Built 1970
Zoning O

ABOUT 420 MARTIN LUTHER KING JR PKY , PHENIX CITY, AL 36869

Capstone Manufactured Housing is pleased to present Laurel Manor Estates in Phenix City, AL: a 127-site property with significant upside potential. The property boasts an ideal location within 5 minutes of downtown Columbus and convenient access to the region’s major thoroughfares. Strong value-add opportunities exist for new management with lot rents currently 54% below the market rate. This offering presents investors with the opportunity to acquire a well-located asset with significant value-add potential in a market with proven demand for affordable housing.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-08-28-01-001-005.004
Land Assessment
$46,460
Improvements Assessment
$110,080
Total Assessment
$156,540
  • Listing ID: 11407883

  • Date on Market: 1/29/2018

  • Last Updated:

  • Address: 420 Martin Luther King Jr Pky, Phenix City, AL 36869

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