Cornerstone Realty is pleased to present Wetumpka
Estates, an all age Manufactured Housing
Community located in Wetumpka, AL.

This well-maintained community is located along
highway 231, a mere 20 minutes from Montgomery
and less than 10 minutes from Wind Creek Casino.
Wetumpka, recently featured in HGTV’s “Hometown
Takeover,” for its blossoming downtown, with locally
grown businesses, historic treasures and water
activities is located in Elmore County – home to more
than 85K residents. Wetumpka Estates is comprised
of 92 lots, which includes 63 residents – 59 of which
are in tenant owned homes.

As Wetumpka Estates has undergone significant
capital improvements over the past few years that
include, paved roads, increased lighting, secured
fencing and perimeter to go along with housing
upgrades. These upgrades have allowed for a better
housing mix and leave Wetumpka with its average
$300 per month lot rent, upside in its rental guidance
along with opportunity to add new homes on site,
creating the opportunity for additional income
without significant additional investment.

Priced at $2,600,000 and coming to market at a 6.8%
cap rate, Wetumpka Estates offers the sophisticated
investor a high yielding asset with minimal
maintenance and upside opportunity.