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31668948
31668951

17570 US-280, Dadeville, AL 36853

TR
AL 000136701-0
Robert Thorington
Listed by Robert Thorington
$1,850,000
79 days on market
Updated 60 days ago

Mobile Home & RV Park Dev | Existing Income | Dadeville

Details
Property Type Land, Mobile Home Park
Sub Type Commercial, Residential
Units 18
Cap Rate 4.94%
NOI $91,440
Occupancy 78%
Buildings 5
Acreage 44.000
Zoning MHP
Investment Type Stabilized
Ownership Fee Simple

Shovel‑Ready Mobile Home & RV Park Expansion | Cash‑Flowing 33 Acre Asset – $1.85 MM

Marketing description

Marketing Description (for main listing overview)

Entitled Mobile Home & RV Development Opportunity | Existing Cash Flow | Auburn–Lake Martin Corridor

Highland Hills Mobile Home Park offers investors a rare hybrid opportunity—an income‑producing community with fully engineered expansion potential—strategically located along U.S. Highway 280 in Dadeville, Alabama, just 25 minutes from Auburn and Lake Martin.

The property spans 44 acres and includes 18 improved mobile home sites (4 vacant for immediate lease‑up) supported by on‑site utilities and infrastructure, generating a stabilized annual income of $91,440. All engineering, surveys, entitlements, and utility planning for 168 total sites (143 MHP / 25 RV) are complete positioning the asset for rapid expansion with minimal additional site prep.

With public utilities in place, an on‑site office, four park‑owned homes, and full water, sewer, and detention infrastructure installed, Highland Hills represents an excellent value‑add mobile home & RV park development in a high‑demand affordable housing market.

Located on a major east‑west corridor, the property benefits from proximity to Auburn University, Lake Martin recreation, and major regional employers. The combination of current income, shovel‑ready entitlements, and growth in Alabama’s workforce housing sector makes Highland Hills an exceptional investment opportunity.

Investment highlights

Investment Highlights (for side panel or bullet section)

  • Price: $1,850,000
  • Acreage: 44 acres (engineered and entitled)
  • Current Operations: 18 existing lots (14 leased + 4 vacant pads)
  • Entitlements: 168 total sites (143 Mobile Home + 25 RV)
  • Annual Income: $91,440 | Projected NOI: $54,864 (40 % expenses)
  • Infrastructure Complete: Water, sewer, and detention basin installed
  • Improvements: On‑site office and four park‑owned homes
  • Value‑Add Potential: Expand to 186 total sites with low site‑prep costs
  • Frontage: Prime visibility on U.S. Highway 280 connecting Auburn and Alexander City
  • Utilities: 886 LF of 6" water mains + 1,350 LF of sewer mains in place
  • Market Drivers: >95 % regional occupancy, limited new supply, favorable Alabama landlord laws

Listing Contacts

TR
AL 000136701-0
Robert Thorington
Listed by Robert Thorington

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$91,440.00
$7,620.00/mo

Valuation Metrics

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DSCR
4.94%
Cap Rate
4.94%
ROI

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