Mobile Home Park
Frisco City MHP
Wild Fork Rd, Frisco City, AL 36445
Listing Price: $645,000
Investment Overview
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.
Frisco City MHP
Investment Highlights
- Low Operating Costs and Efficient Management: The low utility costs allow for higher profitability and greater ease of management.
- Attractive Location with Affordable Living: Frisco City's combination of affordable living, proximity to larger regional markets, and a strong local economy positions the park for long-term success.
- Potential for Rent Growth: The park's lot rents are positioned below market in comparison to other nearby communities, providing an opportunity to implement gradual rent increases as the market allows
- Diverse Tenant Mix with Stable Cash Flow: The lot rent units provide a steady stream of income, while the RTO and VPOH homes offer additional revenue potential and longer tenant retention. This tenant mix reduces income volatility, providing the investor with a stable cash flow stream.
Broker of Record
Listing Price: $645,000
Investment Highlights
- Low Operating Costs and Efficient Management: The low utility costs allow for higher profitability and greater ease of management.
- Attractive Location with Affordable Living: Frisco City's combination of affordable living, proximity to larger regional markets, and a strong local economy positions the park for long-term success.
- Potential for Rent Growth: The park's lot rents are positioned below market in comparison to other nearby communities, providing an opportunity to implement gradual rent increases as the market allows
- Diverse Tenant Mix with Stable Cash Flow: The lot rent units provide a steady stream of income, while the RTO and VPOH homes offer additional revenue potential and longer tenant retention. This tenant mix reduces income volatility, providing the investor with a stable cash flow stream.
Investment Overview
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.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
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