Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Listing ID: 893021
  • Posted On: Jan 29, 2018
  • Updated On: Jun 28, 2018

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

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Park Information

Community Type: All Age
Number of MH Lots: 127
Total Occupancy: 93.0 %
Year Built: 1970
Size: 17 acre(s)

Utility Information

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

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