$500,000
8 HORIZON STREET, RAINBOW CITY AL, 35906
Property typeCommercial
Overview
Active
Listed Oct 22, 2025
Updated 33 min ago
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.
Listed by Keller Williams Homewood,Jason Koenig
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