Mobile Home Park
Alexander City MHP
40 Highland Pk, Kellyton, AL 35089
Listing Price: $585,000
Investment Overview
Marcus & Millichap is pleased to present Alexander City MHP, a well-positioned manufactured home park located at 40 Highland Park Lane in Alexander City, Alabama. This property consists of 19 total pads, including 15 lot rent spaces and 4 vacant lots. The park benefits from a direct- billing structure for electricity, with water provided by the city and septic for sewer. Alexander City MHP presents an excellent opportunity for investors looking for a stable, income-producing property with considerable upside potential. With its low operating costs, strong demand for affordable housing, and room to grow through the development of vacant lots, this property offers both immediate returns and long-term value appreciation in a desirable Alabama market.
Alexander City is a growing community located in central Alabama, situated on the shores of beautiful Lake Martin. Known for its natural beauty and recreational amenities, the area has seen steady demand for affordable housing, particularly in the manufactured home sector. The local economy is supported by a diverse mix of industries, including manufacturing, retail, and tourism, with residents benefiting from low cost of living and access to a wide range of local amenities. The city’s appeal as both a residential and recreational destination continues to drive demand for affordable housing, making Alexander City MHP a prime investment in a stable, attractive market.
Alexander City MHP
Investment Highlights
- Stable Cash Flow from Lot Rent Spaces
- Significant Upside Potential with Vacant Lots
- Low Operating Expenses and Efficient Management
- Attractive Location in a Growing Market: Alexander City benefits from its position as a regional hub for both residents and tourists, offering access to Lake Martin, which attracts seasonal residents and vacationers. The area's economy is diversified, and housing demand continues to grow due to the area's affordability, natural beauty, and proximity to major transportation routes.
Broker of Record
Listing Price: $585,000
Investment Highlights
- Stable Cash Flow from Lot Rent Spaces
- Significant Upside Potential with Vacant Lots
- Low Operating Expenses and Efficient Management
- Attractive Location in a Growing Market: Alexander City benefits from its position as a regional hub for both residents and tourists, offering access to Lake Martin, which attracts seasonal residents and vacationers. The area's economy is diversified, and housing demand continues to grow due to the area's affordability, natural beauty, and proximity to major transportation routes.
Investment Overview
Marcus & Millichap is pleased to present Alexander City MHP, a well-positioned manufactured home park located at 40 Highland Park Lane in Alexander City, Alabama. This property consists of 19 total pads, including 15 lot rent spaces and 4 vacant lots. The park benefits from a direct- billing structure for electricity, with water provided by the city and septic for sewer. Alexander City MHP presents an excellent opportunity for investors looking for a stable, income-producing property with considerable upside potential. With its low operating costs, strong demand for affordable housing, and room to grow through the development of vacant lots, this property offers both immediate returns and long-term value appreciation in a desirable Alabama market. Alexander City is a growing community located in central Alabama, situated on the shores of beautiful Lake Martin. Known for its natural beauty and recreational amenities, the area has seen steady demand for affordable housing, particularly in the manufactured home sector. The local economy is supported by a diverse mix of industries, including manufacturing, retail, and tourism, with residents benefiting from low cost of living and access to a wide range of local amenities. The city’s appeal as both a residential and recreational destination continues to drive demand for affordable housing, making Alexander City MHP a prime investment in a stable, attractive market.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
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