40 Highland Pk - Manufactured Housing/Mobile Housing FOR SALE


Alexander City, AL 35010
$495,000 USD
704-654-7331
40 Highland Pk, Alexander City, AL for Sale
$495,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | 8.58% Cap Rate

40 Highland Pk
Alexander City, AL 35010


HIGHLIGHTS

  • Stable Cash Flow from Lot Rent Spaces
  • Significant Upside Potential with Vacant Lots
  • Low Operating Expenses and Efficient Management
  • Attractive Location in a Growing Market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$0.38 USD /SF

# OF UNITS

15

PRICE/UNIT

$33,000

CAP RATE

8.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alexander City MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

30 AC

LAND SF

1,306,800 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nick LoreMarcus & MillichapMore Info
704-654-7331

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Nick LoreMarcus & MillichapMore Info
704-654-7331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.