864-414-8347
820 Highway 231 N, Troy, AL for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/8

820 Highway 231 N
Troy, AL 36081


HIGHLIGHTS

  • Publicly serviced water directly billed to tenants results in decreased expense load / management responsibilities.
  • Below market rents representing the opportunity to increase revenue through gradual rental increases.
  • Paved roads throughout each park will provide new ownership with decreased capex budget upon takeover.
  • Located in close proximity to Troy University which is home to 14,000 students and 700 faculty and staff (14,700 total).
  • Opportunity for new ownership to infill 50 empty pads resulting in significantly increased revenues.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Mountain & Homestead Mobile Home Parks

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

45.23 AC

LAND SF

1,970,219 SF

ZONING

-

APN/PARCEL ID

0906-1300000-070010,0906-2400000-010010,0907-2600000-190010,0907-2600000-220000,1004-1920040-010020,1004-1920040-10000

ASK ABOUT THIS PROPERTY

Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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