Manufactured Home Rental
For Sale
$285,000
2495 Decatur Rd, Cottonwood, AL 36320
Residential Income, Cottonwood, AL
Property Size1,680 SF
Lot Size4.52 Acres
Price / SF$169.64
Days on Market96
Property Features for 2495 Decatur Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
13
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 12, Bedroom 13, Bedroom 10, Bathroom 3, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 8, Bathroom 1, Bedroom 6, Bathroom 6, Bedroom 4, Bathroom 7, Bedroom 8, Bedroom 3, Bedroom 11, Bathroom 2, Bedroom 7
Parking features
Carport
Appliances
Dishwasher, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven
Elementary school
Cottonwood
Middle school
Cottonwood
High school
Cottonwood
Subdivision
9c Houston SE 84 E-231 S
Standard status
Active
APN
19-09-31-0-000-001.002
Size
1,680 SF
Lot size
4.52 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Septic Tank
Water source
Public
Water front features
Waterfront
Building Details
Year built
1983
Floors in Building
1
Flooring type
Carpet, Vinyl
Listing Agency:
Keller Williams Southeast Alabama · Keller Williams Realty
(334) 702-3595
Listed By:
Megan Rhodes · License #115210
(334) 714-2318
Added: Jul 27
Changed: Oct 28
Last Checked: Oct 30 at 3:06AM
MLS# 214027
Copyright © 2026 Southeast Alabama Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily offering comprises four manufactured homes distributed across four parcels and 4.52 acres. The mix includes three double-wide residences and one single-wide, with updates completed in several homes and two units fully renovated. All four residences are occupied and producing rental income as part of a single package.
The properties are located on Decatur Road in Cottonwood, Alabama. Existing site infrastructure includes public water, septic systems, and carport parking. Additional pad space is available for future manufactured-home placement, providing room for further on-site development. The portfolio also includes homes built in 1983 and a waterfront feature.
The properties are located on Decatur Road in Cottonwood, Alabama. Existing site infrastructure includes public water, septic systems, and carport parking. Additional pad space is available for future manufactured-home placement, providing room for further on-site development. The portfolio also includes homes built in 1983 and a waterfront feature.
Key Highlights
- Four manufactured homes across 4 parcels
- 4.52 total acres with additional pad space for future home placement
- Unit mix includes 3 double‑wide homes and 1 single‑wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,192
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,840
$183.8K
Cap Rate 7%
$131,314
$131.3K
Cap Rate 9%
$102,133
$102.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$17.7K $10.56/SF
− Vacancy
−$1.0K −$0.61/SF
EGI
$16.7K $9.95/SF
− OpEx
−$7.5K −$4.48/SF
NOI
$9.2K $5.47/SF
Area
Houston County, AL
Vacancy
5.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,840
Cap Rate 7%
$131,314
Cap Rate 9%
$102,133
Alternative Uses
Best Use
Apartment 5plus
$131.3K
$114.9K – $153.2K
NOI $9,192 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$296.9K
$259.8K – $346.4K
NOI $20,786 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 36320, AL
3,576
Population
1,700
Households
2.1
Avg Household Size
44
Median Age
13%
College-Educated
83%
High-School Grad
64.3 sq mi
ZIP Area
56
Density / Sq Mi
$45,366
Median Household Income
$32,859
Median Earnings
$675
Median Rent
$130,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four occupied manufactured residences offer an established rental configuration with updated interiors and additional pad space.
Where is this multifamily property located?
The property is located at 2495 Decatur Rd Cottonwood, AL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four manufactured homes across 4 parcels; 4.52 total acres with additional pad space for future home placement; Unit mix includes 3 double‑wide homes and 1 single‑wide
