8 Horizon Street 8,15,16,17,33,34,38,49,50,60, Rainbow City, AL 35906
sale
$500,000
|
Other
Courtesy Of Keller Williams Realty Homewood
Investment Opportunity Horizon Place Mobile Home Assemblage Discover a rare 10-lot mobile home investment within the established Horizon Place community in Rainbow City, Alabama offering a solid 10% cap rate and $65,620 in annual NOI. This well-performing asset features 8 tenant-occupied, lease-to-own homes with net leases and no CAM, minimizing management responsibilities and ensuring stable income. The property is fully serviced by public utilities and benefits from a standing waiting list of qualified tenants, demonstrating strong ongoing demand. Located just minutes from major industrial employers and a Publix grocery store, this assemblage combines dependable cash flow with upside potential through rent adjustments currently below market levels. An ideal addition for investors seeking turnkey income and long-term growth in a thriving regional market.
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Property Features
- Architecture Style: Other
- MLSID: 21435422
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