4565 US HWY 278 W, CULLMAN, AL 35057

CULLMAN COUNTY, AL - The MHP Broker is pleased to present the offering of Lakeview Estates Mobile Home Park (MHP). This property is a stabilized, turn-key mobile home park located in Cullman, Alabama, a growing North Alabama community positioned between Birmingham and Huntsville along the I-65 corridor. Known for its strong local economy, steady population growth, and small-town appeal, Cullman benefits from regional connectivity and a diverse employment base, making it an appealing market for affordable housing.

The property consists of 15 lots on 10 acres, all tenant-owned homes (TOH), and is currently 100% occupied. It demonstrates strong operational performance, with lot rents at $350 per month and a proven track record of stability—tenants have maintained residency for over 5 years on average, and collections have remained extremely consistent over the past 5 years. In addition to the existing income stream, the property includes a large storage shed that offers an opportunity to generate additional revenue.

The infrastructure, which includes city water that is directly billed to tenants and septic systems on a one-to-one ratio, is ideal for operational efficiency. Expenses remain low, also due to tenants' responsibilities for landscaping and trash, and the presence of city-maintained roads, which limit the owners' maintenance obligations.

Lakeview Estates MHP presents a great opportunity for investors seeking a stable, low-maintenance property with consistent cash flow and potential for incremental upside. Given this, we are inviting investors to submit offers at or above $599,000 for Lakeview Estates MHP. Please inquire with the broker with any questions or additional information.