Auburn, AL Housing
For Sale
Contact for pricing
Pending
1100 Stonegate Drive, Auburn, AL 36832
Four communities totaling 490 home-sites near Auburn University.
Property SizeContact for details
Days on Market106
Property Features for 1100 Stonegate Drive
General Information
Standard status
Pending
Class
B
Property subtype
Mobile Home Park
Occupancy
93%
Investment Type
Institutional
Building Details
Units
490
Listing Agency:
BWE Investment Sales
Listed By:
Parker Kelly · License #GA 385444
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Jul 28 at 5:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BWE Investment Sales
Investment Insights
Based on property information with market context.
The Auburn, AL Manufactured Housing Portfolio consists of four communities totaling 490 home-sites across the Auburn MSA, near Auburn University. The portfolio is at 93% occupancy with lot rents averaging $455 per month. There are 32 vacant lots available for infill. All four communities are serviced by direct-bill city water. Stonegate also features direct-bill city sewer, while the remaining three communities use septic systems. Trash is community-billed across the portfolio. All four communities are located within approximately 6 miles of Auburn University's campus. The portfolio features paved roads, no flood zone exposure, and no deferred maintenance. In-place rents are 25% below market comps and as much as 45% below new move-in rates at competing communities.
Key Highlights
- High Occupancy: 93% occupancy rate ensures reliable cash flow.
- Rent Growth Potential: In‑place lot rents are significantly below market comps (25%+) offering substantial upside.
- Scalable Portfolio: Four communities totaling 490 home‑sites within 6 miles of Auburn University allow for efficient management.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 36832, AL
29,349
Population
14,136
Households
2.1
Avg Household Size
26
Median Age
50%
College-Educated
95%
High-School Grad
68.1 sq mi
ZIP Area
431
Density / Sq Mi
$34,957
Median Household Income
$23,874
Median Earnings
$1,018
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Four communities totaling 490 home-sites near Auburn University.
Where is this mobile home & rv park located?
The property is located at 1100 Stonegate Drive Auburn, AL.
What are key features of this property?
This property features: High Occupancy: 93% occupancy rate ensures reliable cash flow.; Rent Growth Potential: In‑place lot rents are significantly below market comps (25%+) offering substantial upside.; Scalable Portfolio: Four communities totaling 490 home‑sites within 6 miles of Auburn University allow for efficient management.
