Contact Information

Mobile Home Park Details

  • Price: $950,000
  • Cap Rate: 8.5%
  • Property ID: 1597726
  • Posted On: Feb 2, 2022
  • Updated On: Feb 24, 2022

Property Description

Listing Broker : Paul Schaaf
Contact Paul Schaaf : +1-678-932-0200
TROY, AL - Sierra Meadows is a well-located Mobile Home Park, just 5 miles from downtown Troy, Alabama. Situated in an Opportunity Zone that is adjacent to US 231, this park offers quick access to all the area amenities. The residents enjoy the park’s open fields and private lots, creating a quiet place to call home.

This Mobile Home Park features 50 pads total, which consist of 21 Tenant-Owned Homes (80s-90s models in fair condition) and 29 vacant lots, with operating utilities. This community sits on over 100 acres, allowing for significant expansion opportunity -- for example, the Seller’s development plans indicate space for 95 additional lots.
Infrastructure includes city water (billed-back to tenants), septic (1:1), and private roads (sand/dirt). The property is NOT in a flood zone.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 50
Total Occupancy: 42.0 %
Average MH Lot Rent: $250
Size: 102 acre(s)

Utility Information

Water: City
Sewer: Septic

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