2959 County Road 2214 - Manufactured Housing/Mobile Housing FOR SALE


Troy, AL 36079
$760,000 USD
605-390-1975
2959 County Road 2214, Troy, AL for Sale
$760,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | Request Cap Rate

2959 County Road 2214
Troy, AL 36079


HIGHLIGHTS

  • Stable Cash Flow from Rent-to-Own Homes
  • Expansion Opportunity with Vacant Pads
  • Low Operating Expenses and Efficient Management
  • Affordable Location with Long-Term Growth Potential

OVERVIEW

Marcus & Millichap is pleased to present Troy MHP, a well-located manufactured home park in Troy, Alabama. This property consists of 27 total pads, including 1 lot rent, 13 tenant owned homes via rent-to own, 6 vacant park owned homes, and 7 vacant pads. Electricity is billed directly to tenants, while water is provided by the city and sewer is serviced via septic. Troy MHP is an attractive investment opportunity for buyers seeking a stable, income-producing property with opportunities for further growth. With a strong tenant base, manageable operating costs, and significant upside potential in filling vacant pads, this property offers solid returns in a growing, affordable market. Troy, Alabama, is a growing city situated in the southeastern part of the state, known for its strong agricultural base and vibrant local economy. Home to Troy University, the city benefits from a stable population base of students, faculty, and staff, alongside a thriving regional workforce. The area’s affordable housing market and low cost of living make it an attractive location for residents seeking economical living options. Troy’s proximity to major transportation routes and nearby cities like Montgomery and Dothan enhances its accessibility and further drives demand for affordable housing, making Troy MHP a prime investment in a steadily growing market.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$1 USD /SF

# OF UNITS

27

PRICE/UNIT

$28,148

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Troy MHP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.98 AC

LAND SF

565,409 SF

ZONING

-

APN/PARCEL ID

1803-0600000-060110

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.