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.