Property Description

Capstone Manufactured Housing is pleased to present Laurel Manor Estates in Phenix City, AL: a 127-site property with significant upside potential. The property boasts an ideal location within 5 minutes of downtown Columbus and convenient access to the region’s major thoroughfares. Strong value-add opportunities exist for new management with lot rents currently 54% below the market rate. This offering presents investors with the opportunity to acquire a well-located asset with significant value-add potential in a market with proven demand for affordable housing.

Investment Highlights

All-Ages Community
Proximity to Downtown Columbus
Lots Well Below Market Rate
Opportunity to Recapture Garbage Expense

Mobile Home Park Details

  • Price:
  • Property ID: 893021
  • Posted on Jan 29, 2018
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Park Information

Community Type: All Age
Number of MH Lots: 127
Total Occupancy: 93.0 %
Year Built: 1970
Size: 17.1 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 101

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