40 Highland Park LnAlexander City, AL 35089

Property Details for 40 Highland Park Ln

Year built

1980

Lot size

30.00 AC

Property type

Mobile home & RV parks

Description

This exceptional investment opportunity presents a 19-pad mobile home park situated on 30 acres in Kellyton, Alabama, near Alexander City. Built in 1980, the park currently boasts 15 occupied lots and 4 vacant lots, offering immediate income and significant upside potential. The property features a direct-billing structure for electricity, with city water and septic sewer systems in place, minimizing operational expenses. The strong demand for affordable housing in this growing community, coupled with the low operating costs and the potential for developing the vacant lots, ensures a stable cash flow and attractive return on investment. Alexander City's location on the shores of Lake Martin contributes to its appeal as a residential and recreational destination, further bolstering the demand for affordable housing options. The diverse local economy, encompassing manufacturing, retail, and tourism, provides a stable foundation for continued growth and property value appreciation. The park's 7.50% capitalization rate and a net operating income of $43,889 contribute to its strong financial profile. This property offers a compelling combination of immediate returns and long-term growth prospects in a desirable Alabama market. The asking price is $585,000.

Location Insight

City

Alexander City

County

Coosa

State

Alabama

Latitude

32.9112

Longitude

-86.0136

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