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Investment Opportunity! This well-maintained mobile home park features 30 spacious lots equipped with water and sewer, including 18 mobile homes—17 of which are currently rented—offering strong and stable cash flow. An additional parcel includes a fully rented 2,556 sq ft, 5-bedroom, 2-bath home, adding to the income stream. The property also boasts a barn for equipment storage and is secured within a gated community. Generating approximately $168,000 annually with a current cap rate of 7.988%, this asset presents excellent returns. Adjacent to the park are two acres of undeveloped land, along with additional land on Porter Andrews, offering significant potential for expansion or future development.
Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently ...
Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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