Mixed-Use Land for Sale in Rainbow City, Alabama
8 Horizon St, Rainbow City, AL 35906
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.
Location
- Street address
- 8 Horizon St
- County
- Etowah County
- Elevation
- 519 feet
Directions
From I-59 N take exit 182 for I-759 toward Gadsden. Take exit 2 for Black Creek Parkway. Merge onto Black Creek Parkway. Turn Left onto Sutton Bridge Road. Turn left onto Horizon Place.
Property details
- Acreage
- 1.5 acres
- Zoning
- Residential
- MLS #
- GABMLS 21435422
- Posted
Resources
Details and features
Listing
- Type
- Commercial Sale
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 29, 2025 | New listing | $650,000 | — | GABMLS |