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 |