126 Whiting Dr - Manufactured Housing/Mobile Housing FOR SALE


Monroeville, AL 36460
$915,000 USD
605-390-1975
126 Whiting Dr, Monroeville, AL for Sale
$915,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | Request Cap Rate

126 Whiting Dr
Monroeville, AL 36460


HIGHLIGHTS

  • Steady Cash Flow with Diverse Tenant Mix
  • Low Operating Expenses and Efficient Management
  • Attractive Location

OVERVIEW

Marcus & Millichap is pleased to present Monroeville MHP, a well-maintained manufactured home park located in Monroeville, Alabama. This property consists of 30 total pads, including 16 lot rent pads, 8 tenant owned homes via rent-to-own, 3 vacant park owned homes, and 3 vacant pads. Monroeville MHP offers a solid investment opportunity in a well-located, affordable housing market with strong demand. With its low operational costs, diverse tenant base, and room for growth, this property presents an ideal opportunity for investors seeking to capitalize on a growing market while benefiting from steady income and value appreciation. Monroeville, located in the heart of Alabama, is a small yet vibrant city known for its strong community ties, affordable cost of living, and stable local economy. As the county seat of Monroe County, Monroeville has become a regional hub for commerce, government, and education. The city’s economy is largely driven by agriculture, manufacturing, and retail, while its proximity to larger metropolitan areas like Mobile and Montgomery adds to its appeal. With its affordable housing market and stable demand for residential properties, Monroeville MHP offers investors a prime opportunity to capitalize on the growing need for affordable housing in the region.

FOR SALE DETAILS

PRICE

$915,000 USD

PRICE/SF

$1 USD /SF

# OF UNITS

30

PRICE/UNIT

$30,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroeville 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

21 AC

LAND SF

914,760 SF

ZONING

-

APN/PARCEL ID

21082740000060000

ASK ABOUT THIS PROPERTY

Nick LoreMarcus & MillichapMore Info
605-390-1975

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Nick LoreMarcus & MillichapMore Info
605-390-1975

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