130 Abby Ln, Hope Hull, AL 36043

MONTGOMERY COUNTY, AL - Swan Lake Mobile Home Park (MHP) is a 31-lot manufactured housing community situated on approximately 15.7 acres in Montgomery County, Alabama, just 15 minutes from downtown Montgomery and conveniently located near Interstate I-65. The property is not located in a flood zone and features dirt roads, overhead electric, city water that is sub-metered and billed back to tenants, and a lagoon-style sewer system that is operating in good condition—creating a simple and efficient utility profile. The expansive acreage and proximity to a major metro provide long-term stability and strong demand fundamentals.

The community consists of 21 park-owned homes (POH), 6 of which are currently vacant (1 rent-ready and 5 requiring light rehab to achieve rent-ready condition) along with 9 tenant-owned homes (TOH) and 1 Tool Trailer, totaling 31 sites. Additional amenities include a centralized dumpster for trash service. Meaningful upside exists through completing light rehabs, leasing vacant units, and adding additional lots. Lot Rents are $225 which is significantly below the market rate of $340.

Offered at $485,000, Swan Lake MHP represents an attractive value-add opportunity with a going-in cap-rate of 9% on lot rent and over 13% on total income. The POH’s are being valued at only $5,000 each, which is well below replacement costs. This community is poised for high returns for the next investor. Seller is open to holding a note, and bank financing is available for qualifying buyers. Please reach out to the listing Broker for more details.