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About This Home
This 0-bedroom, 0-bathroom commercial at 8 HORIZON STREET in Rainbow City, AL is listed for $500,000. on a 1.50 acres lot.
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.
Key Features
- 1.50 acre lot
Property Details
Monthly Cost Estimate
$2,674/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8 HORIZON STREET
Rainbow City, AL 35906
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 8 HORIZON STREET is listed at $500,000. The estimated monthly payment is $2,167 based on 20% down at 6.5% interest.
Key features include: 1.50 acre lot.
This property is listed by Jason Koenig and can be reached at 2052836391 or jason.koenig@kw.com.
