Mobile Home Park
Troy MHP
2959 County Rd 2214, Troy, AL 36079
Listing Price: $760,000
Investment 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.
Troy MHP
Investment Highlights
- Stable Cash Flow from Rent-to-Own Homes: The RTO structure offers the potential for long-term tenant retention and steady rental income.
- Expansion Opportunity with Vacant Pads: By filling vacant pads with additional homes or increasing occupancy through new placements, investors can drive rent growth and enhance overall cash flow.
- Low Operating Expenses and Efficient Management: The low utility expenses contribute to the property's profitability and operational efficiency.
- Affordable Location with Long-Term Growth Potential: The Troy area offers an affordable cost of living, combined with steady demand for housing due to the presence of Troy University and local employment opportunities.
Broker of Record
Listing Price: $760,000
Investment Highlights
- Stable Cash Flow from Rent-to-Own Homes: The RTO structure offers the potential for long-term tenant retention and steady rental income.
- Expansion Opportunity with Vacant Pads: By filling vacant pads with additional homes or increasing occupancy through new placements, investors can drive rent growth and enhance overall cash flow.
- Low Operating Expenses and Efficient Management: The low utility expenses contribute to the property's profitability and operational efficiency.
- Affordable Location with Long-Term Growth Potential: The Troy area offers an affordable cost of living, combined with steady demand for housing due to the presence of Troy University and local employment opportunities.
Investment 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.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
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