AL Broker of Record: Andrew Braun - NAI Martens

Royal Palm Estates is 77-space newly developed community located within the Dothan, AL MSA. Currently, there are 77 active lots, all of which have homes onsite. Of the active sites, 70 are brand-new, three bedroom, two bath Clayton TRU Elation homes. Since infilling these homes, ownership has achieved rapid lease-up, reflecting strong rental demand. This success is supported by high occupancy rates within both Royal Palm Estates and the broader Dothan manufactured housing market, underscoring the community's appeal and the region's robust rental market.

Royal Palm Estates includes approximately 25 acres of entitled raw land, primed for future development to accommodate an additional 103 spaces, increasing the total to 180 spaces. Please see the sale package for materials pertaining to the last phase of development. Ownership has proactively installed main water lines for the second phase of development and will include all remaining raw materials for the underground utility system in the sale. Additionally, ownership offers heavy highway construction equipment used for development, detailed in the sale package. This equipment is available for purchase but excluded from the marketed sale price.