8 Horizon St Unit 8,15,16,17,33,34,38,49,50,60, Rainbow City, AL 35906

Property Description

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.