2 Locations For Sale

Offered as a two-asset portfolio in the Dothan Metropolitan Statistical Area, St. Charles Place and Park Place are available individually or as a combined investment. Together, they present a rare opportunity to acquire both a stabilized, income-producing manufactured housing community and a fully entitled, shovel-ready development site. Located near Cottonwood, these properties benefit from strong regional demand for affordable workforce housing and provide a clear pathway for both immediate cash flow and future expansion within the same submarket.

St. Charles Place — Stabilized Income Asset | Available Individually or as Part of Portfolio

St. Charles Place is a newly developed, 34-pad manufactured housing community featuring 34 park-owned homes, all delivered in 2024–2025. The majority of homes offer three-bedroom, two-bathroom floorplans, designed to appeal to families and long-term residents. Each unit is outfitted with durable metal skirting and large decks, creating a modern, low-maintenance housing product that minimizes near-term capital expenditure while enhancing tenant appeal.

The community is 97% occupied with 33 of 34 homes leased. Current in-place monthly rent totals $36,351, with an average of $1,102 per month across occupied units, generating $436,212 in annual rental income. At full occupancy, stabilized gross income is projected at approximately $447,612 annually. Utilities are structured efficiently, with city water billed directly to tenants, tenant-paid electric service, and septic sewer infrastructure. The property is not located within a FEMA flood zone, reducing environmental risk and improving financing attractiveness.

Park Place — Shovel-Ready Development Site | Available Individually or as Part of Portfolio

Park Place is an 11.83± acre, fully entitled development site planned for a 60-pad manufactured housing community. The site has been fully engineered, with completed civil plans that include road design, grading, drainage, and utility layout. This allows a developer to move quickly into construction, significantly reducing entitlement risk and pre-development timelines. Engineering documents are available to qualified buyers.

Park Place benefits from access to municipal water and sewer, eliminating the cost and uncertainty associated with private utility systems. The proven performance of nearby St. Charles Place — achieving an average of $1,102 per month across occupied units — demonstrates strong underlying demand and provides a clear benchmark for future lease-up and stabilization at Park Place. This shovel-ready site is priced at $495,000 and is available separately or as part of the combined portfolio acquisition.

Portfolio Acquisition — Combined Offering at $3,500,000

For investors seeking immediate income with built-in expansion capacity, the combined acquisition of St. Charles Place and Park Place offers a singular opportunity. Acquire stabilized cash flow today through St. Charles Place while simultaneously executing on the next phase of growth through Park Place — within the same submarket, under the same roof. The combination of a 97% occupied income asset, new housing inventory, and a ready-to-build expansion site positions this portfolio as a compelling investment in a supply-constrained, high-demand affordable housing market.