Marcus & Millichap is pleased to present Frisco MHP, a well-maintained manufactured home park located in Frisco City, Alabama. This property consists of 30 total pads, including 7 lot rentals, 8 tenant owned homes via rent-to-own, 4 vacant park owned homes, and 11 vacant pads. Electricity is billed directly to tenants, while water and sewer services are provided by the city. Frisco MHP represents a solid investment opportunity with strong current cash flow and significant upside potential. With a low-cost structure, expansion opportunities through vacant lots, and a favorable market for affordable housing, this property provides an attractive opportunity for investors seeking long-term value appreciation and stable income in a growing market.
Frisco City is a small, but growing community located in southern Alabama, within close proximity to major regional hubs like Mobile and Montgomery. Known for its peaceful rural atmosphere and low cost of living, Frisco City is increasingly attracting residents seeking affordable housing options. The area has a stable local economy driven by agriculture, manufacturing, and a growing tourism industry, with residents enjoying easy access to recreational activities and outdoor amenities. As the demand for affordable housing in Alabama continues to rise, Frisco MHP is well-positioned in a market with both current stability and long-term growth potential.