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Trojan Way MHP - Troy, AL 208 Trojan Way

1 Unit Mobile Home Park $449,000 ($449,000/Unit) 5.14% Cap Rate Troy, AL 36081

Mobile Home & RV Parks Alabama Troy 208 Trojan Way, Troy, AL 36081

Investment Highlights

  • Upside in Rent Increases Near Market Levels Produce a 12% + Cap Rate
  • 1 - 3BR / 1 BA Single Family Homes
  • City Maintained Street
  • 13 Lots Occupied By All TOH (Tenant Owned Homes)
  • Low Maintenance Property
  • City Water and Sewer Direct-Billed

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the Trojan Way MHP Located at 208 Trojan Way in Troy, AL. This Deal Includes a 14 Unit Park With Current Lot Rents Well Below Market Levels and a Pro Forma Cap Rate of 12% + at Near Market Rent Rates. Tenant Maintained Mobile Homes and City Maintained Infrastructure Provide Operational Advantages Over Other Parks. 

BoR: Andrew Ackerman - Lic. AL #1089690

Property Facts

Price $449,000 Apartment Style Single Family Home
Price Per Unit $449,000 Building Class C
Sale Type Investment Lot Size 3.46 AC
Cap Rate 5.14% Building Size 6,558 SF
No. Units 1 No. Stories 1
Property Type Multifamily Year Built 2000
Property Subtype
Manufactured Housing/Mobile Home
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Price $449,000
Price Per Unit $449,000
Sale Type Investment
Cap Rate 5.14%
No. Units 1
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Single Family Home
Building Class C
Lot Size 3.46 AC
Building Size 6,558 SF
No. Stories 1
Year Built 2000

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 1004-2030050-090000
  • 1004-2030050-100000
 Improvements Assessment $0
Land Assessment $0 Total Assessment $21,000

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1004-2030050-090000
  • 1004-2030050-100000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$21,000
(954) 723-8342

Contacts

  • Listing ID: 33293701

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 208 Trojan Way, Troy, AL 36081

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Trojan Way MHP - Troy, AL | 208 Trojan Way
(954) 723-8342 x

Trojan Way MHP - Troy, AL | 208 Trojan Way

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William Capone

(954) 723-8342

(954) 723-8342

Stephen Kruszenski

(954) 902-5249

(954) 902-5249

Kristen Deninno

(954) 902-5251

(954) 902-5251

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