Troy MHP

Marcus & Millichap is pleased to present Troy MHP, a well-located manufactured home park in Troy, Alabama.​ This property consists of 27 total pads, including 1 lot rent, 13 tenant owned homes via rent-to own, 6 vacant park owned homes, and 7 vacant pads.​ Electricity is billed directly to tenants, while water is provided by the city and sewer is serviced via septic.​ Troy MHP is an attractive investment opportunity for buyers seeking a stable, income-producing property with opportunities for further growth.​ With a strong tenant base, manageable operating costs, and significant upside potential in filling vacant pads, this property offers solid returns in a growing, affordable market.​

Troy, Alabama, is a growing city situated in the southeastern part of the state, known for its strong agricultural base and vibrant local economy.​ Home to Troy University, the city benefits from a stable population base of students, faculty, and staff, alongside a thriving regional workforce.​ The area’s affordable housing market and low cost of living make it an attractive location for residents seeking economical living options.​ Troy’s proximity to major transportation routes and nearby cities like Montgomery and Dothan enhances its accessibility and further drives demand for affordable housing, making Troy MHP a prime investment in a steadily growing market.​

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  Stable Cash Flow from Rent-to-Own Homes: The RTO structure offers the potential for long-term tenant retention and steady rental income.

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  Expansion Opportunity with Vacant Pads: By filling vacant pads with additional homes or increasing occupancy through new placements, investors can drive rent growth and enhance overall cash flow.

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  Low Operating Expenses and Efficient Management: The low utility expenses contribute to the property’s profitability and operational efficiency.

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  Affordable Location with Long-Term Growth Potential: The Troy area offers an affordable cost of living, combined with steady demand for housing due to the presence of Troy University and local employment opportunities.