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$500,000
Est. payment /mo
1.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21435422
Lot Size 1.500 Acres
Property Sub-Type Other
Property Description
Investment Opportunity – Horizon Place Mobile Home Assemblage Discover a rare 10-lot mobile home investment within the established Horizon Place community in Rainbow City, Alabama—offering a solid 10% cap rate and $65,620 in annual NOI. This well-performing asset features 8 tenant-occupied, lease-to-own homes with net leases and no CAM, minimizing management responsibilities and ensuring stable income. The property is fully serviced by public utilities and benefits from a standing waiting list of qualified tenants, demonstrating strong ongoing demand. Located just minutes from major industrial employers and a Publix grocery store, this assemblage combines dependable cash flow with upside potential through rent adjustments currently below market levels. An ideal addition for investors seeking turnkey income and long-term growth in a thriving regional market.
Location
State AL
County Etowah
Area Altoona, Susan Moore, Etowah County
Building
Sewer Septic
Water Public Water
Others
Financing Cash
Virtual Tour https://www.propertypanorama.com/instaview/bham/21435422
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Listed by Keller Williams Homewood
Nearby Locations
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