Trojan Way MHP | Troy, AL

Trojan Way MHP
208 Trojan Way, Troy, AL, 36081, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Trojan Way MHP Located at 208 Trojan Way in Troy, AL. This Deal Includes a 14 Unit Park With Current Lot Rents Well Below Market Levels and a Pro Forma Cap Rate of 12% + at Near Market Rent Rates. Tenant Maintained Mobile Homes and City Maintained Infrastructure Provide Operational Advantages Over Other Parks.

  • Upside in Rent Increases Near Market Levels Produce a 12% + Cap Rate
  • 13 Lots Occupied By All TOH (Tenant Owned Homes)
  • 1 – 3BR / 1 BA Single Family Homes
  • Low Maintenance Property
  • City Maintained Street
  • City Water and Sewer Direct-Billed
  • Residents Clean Their Own Space
  • All Tenant Owned Mobile Homes – Homes and Lots Maintained at Tenants Cost
  • Convenient in Town Troy Location With Shopping and Distillery Nearby

BoR: Andrew Ackerman – Lic. AL #1089690

Price

SOLD

Cap Rate

8.00%

PREMISES

3.46 Acres

BROKERS

William Capone
Fort Lauderdale
Steve Kruszenski
Fort Lauderdale
Kristen Deninno
Fort Lauderdale

List with SIG

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