MHC Listing's Rundown 02/19/2025
Listings Rundown - Summary Updates
Marcus & Millichap - Added 1 | Removed 2 listings.
MHP Brokerage - Added 3 listings.
COLLIERS
75-site Manufactured Home Senior Community, Milwaukie OR - Broker: Alexander Cheng
# Sites: 75 | 4.8 Acres
MSA has population over 2.5M and median home values over $612k
Vacant sites within a desirable MSA allow for rare opportunity to bring up average rents up with the sale of new homes
Under-market rents for existing tenants
Serviced by well but connected to city water
City sewer
Property taxes do not reassess upon sale and assessments are capped at 3% increase per year (local levies can exceed)
Hidden View Estates, 3445 Hidden View Ln NE Salem, OR - Broker: Alexander Cheng
Price: 1.75M | # Sites: 14 | 55+
Brookside MHC, 1652 Wiltsey Rd SE Salem OR - Broker: Alexander Cheng
Price: 4M | # Sites: 34 | Family
Sequoia Estates, 950 Airport Road SE Albany, OR - Broker: Alexander Cheng
Price: 10.5M | # Sites: 106 | Family
Tierra Linda 445 E Jennie Avenue Hermiston, OR - Broker: Alexander Cheng
Price: 8.5M (favorable assumable debt available) | # Sites: 106 | Family
Sands Mobile Home Park, Phoenix AZ - Broker: John Barnes
Price: $6,400,000 | Price per Site: $96,970 | # Sites: 66 | 4.5 Acres
Rents are well-below market averaging $499/month with Phoenix market average rents of $732 which grew 9.4% from 2023 and 6.5% on average since 2017.
The 66 unit all-tenant owned property is 100% leased with a strong on-site manager.
No collection issues and minimal management oversight required (out of state owner).
Excellent location just 4 miles east of downtown Phoenix and I-10, with a population of over 1,650,000 residents and 2 miles north of Phoenix International Airport.
Vista Del Rio MHC, Vancouver WA - Broker: Alex Cheng
Price: Unpriced | # Sites: 213 | 33.83 Acres
Community amenities include: a clubhouse, pool, community garden, RV & boat storage, green spaces
Mobile Village, Portland OR - Broker: Alex Cheng
Price: Unpriced | # Sites: 86
Note:
Colliers currently has some high-quality private MH listings and multiple RV listings. Contact Mike Nissley for more information on private listings (+1 561 479 1588).
WISELY COMMERCIAL REALTY
Rusch County Storage & Shady Maple MHC, Rushville IN - Broker: Adam McNeil
Price: $3,500,000 | Cap Rate: 6.86% | # Sites: 312
Located only 45 minutes East of Indianapolis
All Four locations located within 1 ½ miles of each other
Stabile occupancy with the opportunity to increase rents
City Water & Sewer at all locations
Vance Village, Fort Wayne IN - Broker: Adam McNeil
Price: $599,000 | Price per Site: $54,455 | Cap Rate: 9.54% | # Sites: 11 | 0.60 Acres
Located in the thriving Allen County
City Water & City Sewer
Seller Financing Available
Third Party Management In-Place
MARCUS & MILLICHAP
New!
7 Park Portfolio - Pittsburgh, PA - Grove City PA - Broker of Record: Timothy B. Stephenson Jr.
Price: $20,000,000 | Price per Site: $37,951 | # of Sites: 527 | Cap Rate: 4.20% | 12.64 Acres
Value-Add Cash Flowing Portfolio
MSA With Strong Demand For Affordable Housing
POH To TOH Conversion Opportunity
EZ Lane MHP, Manchester TN - Broker: Patrick Cosgrove, Daniel Cosgrove
Price: $990,000 | Price per Site: $61,875 | # of Sites: 16 | Cap Rate: 7.38% | 14.19 Acres
Located a mile from Interstate 24 providing access to Chattanooga and Nashville, TN
$33,189 Spent on capital improvements in the past 48 months
Some units have been completely remodeled in the past 3-4 years
In 2023, approximately 100 tons of gravel has been regraded to fill in potholes and to ensure proper drainage
Elm Grove Village Mobile Home Park, Amarillo TX - Broker: Skyler Henderson, Brad Dorsey
Price: $1,050,000 | Price per Site: $29,167 | # of Sites: 51 | Cap Rate: 11.47% | 4.53 Acres
35 Park-Owned Homes and 16 RV Lots
Less than 5 Miles from Major Highways - U.S. Route 60 and Interstate 27
Approximately 12 Miles from Rick Husband Amarillo International Airport
Management Willing to Stay Onboard for New Ownership
North Platte 4-Property Portfolio, North Platte NE - Broker: Jon Ruzicka
Price: $2,000,000 | Price per Site: $25,641 | # of Sites: 78 | Cap Rate: 11.69% | 78 Acres
Four-Property Portfolio Where Each Property Is Within a 15-Minute Radius
Positive Cash-Flowing Investment Properties with Below-Market Rents
Walmart Sustainable Beef Meat Packing Plant to Open October 2025 and will Create 800 New Jobs
Reliable Management Team Already in Place
Pageland MHP Portfolio, Jefferson, SC - Broker: Ryan Lipomi, Nick R. Lore and Nate McDaniel
Price: $1,200,000 | Price per Site: $42,857 | # of Sites: 28 | Cap Rate: 12.34% | 2.80 Acres
10-acre portfolio across four towns with potential for future growth or development
Proximity to larger cities like Charlotte, NC, and Columbia, SC, providing access to growing job markets
Mixed utilities & direct pay electricity providing flexibility and manageable operational costs
Blue Agave Mobile Home Community, Marcos TX - Broker: Myles Nagy, Matt Wagner, Hudson Silvermann
Price: $2,250,000 | Price per Site: $112,500 | # of Sites: 20 | Cap Rate: 7.87% | 8.79 Acres
100 Percent Occupancy
Below Market Rents
5.2 Acres Available for Expansion
Less than Five Miles from Texas State University
Middle TN MHP Portfolio, Greenbrier TN - Broker: partrick Cosgrove, daniel Cosgrove
Price: $2,295,000 | Price per Site: $51,000 | # of Sites: 45 | Cap Rate: 7.40% | 1.83 Acres
All mobile homes are park-owned-homes
Lots are individually metered for electricity
Properties are located in rapidly growing counties surrounding Nashville, TN
Southeast MHP Portfolio (CMBS) - AL, GA, WV, NC, SC - Broker of Record: Eddie Greenhalgh
Price: $9,200,000 | Price per Site: $28,571 | # of Sites: 322 | Cap Rate: 7.74% | 322 Acres
The portfolio's regional positioning across five states provides management and operational efficiencies, allowing a new owner to leverage cost-effective strategies and scale economies.
Growing Demand for Affordable Housing: Each park's location is within areas w/ strong employment bases & high demand for affordable housing, supporting long-term occupancy stability and rental growth.
Strategic Loan Structure: The 11 parks come with a CMBS loan that must be assumed, enabling a structured financial arrangement
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Spruce Ridge MHC, Winslow ME - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.
Price: $3,250,000 | Price per Site: $72,222 | # of Sites: 45 | Cap Rate: 7.00% | 8.02 Acres
Stabilized, High-Occupancy Asset with Upside Potential
Attractive Location and Strong Market Demand
Operational Efficiency and Value-Add Opportunities
Growth Potential in a High-Traffic, Expanding Area
The Groves Mobile Home Community, Burkburnett TX - Broker: Skyler Henderson, Brad Dorsey
# of Sites: 79 | 7.12 Acres
58 Mobile Home Lots | 3 Stick Built Homes | 18 Storage Units
100% Physical Occupancy
Majority Park Owned Homes 1990 or Newer
Resident Billed Back for City Water and Sewer
Electric and Gas Directly Billed to Tenant
Community is Located 8.1 Miles from Sheppard Air Force Base
Oakridge MHC, Marion OH - Broker: Glenn D. Esterson
Price: $3,000,000 | Price per Site: $26,786 | # of Sites: 112 | Cap Rate: 7.20% | 2.22 Acres
Cash Flowing Upon Entry
Clubhouse, Pool, and Playground Area
Stabilized Tenant Base
2 Park Portfolio - Tarboro NC, Tarboro NC - Broker: Glenn D. Esterson
Price: $13,500,000 | Price per Site: $53,560 | # of Sites: 253 | 4.41 Acres
Cash Flowing Stabilized Asset With Upside
Strong Value-Add Through Infill
Below yMarket Rents
Pleasant Acres, Dudley NC - Broker: Glenn D. Esterson
Price: $10,000,000 | Price per Site: $46,083 | # of Sites: 217 | Cap Rate: 5.80% | 102.29 Acres
Upside Potential Through Infill
82% Occupancy
Significantly Below Market Rents (+/- 25%)
Forestdale MHC, Birmingham AL - Broker of Record: Eddie Greenhalgh
# of Sites: 185 | 58.33 Acres
Cash Flowing Upon Entry
Strong Stable Population with Demand for Affordable Housing
Stabilized Tenant Base
North Shore Mobile Home Park, Houghton Lake MI - Broker: Jordan, Chris Futo, Gordon A. Navarre
Price: $465,000 | Price per Site: $15,500 | # of Sites: 30 | Cap Rate: 6.66% | 6.68 Acres
Located Across the Street from Houghton Lake with Lake Access
Plenty of Land for Expansion or Redevelopment on 6.88 Acres
Current Rents are Below Market
Meadowbrook Estates, Sonoma CA - Broker: Frank Rogers, Peter Alimam
Price: $2,650,000 | Price per Site: $71,622 | Cap Rate: 6.67% | # Sites: 37 | 4.21 Acres
City Utilities
100% Occupied
100% Resident Owned Homes
Direct Billed Gas & Electric
2 Park Portfolio - Azalea Grove & Bellingrath Oaks, Theodore AL - Broker of Record: Eddie Greenhalgh
Price: $3,250,000 | #of Sites: 78 | Cap Rate: 8.20% | 13.96 Acres
77% Occupancy
City Water
Mobile, AL MSA
Centralia 15 Pad MHP, Centralia WA - Broker: Rich Day, Timothy Ufkes
Price: $795,000 | Price per Site: $53,000 | Cap Rate: 7.35% | # Sites: 15 | 1.43 Acres
Scenic Setting: Located in Centralia's peaceful countryside, this park offers serene views and a nature-filled environment, perfect for those seeking tranquility.
Prime Location: Conveniently close to Centralia's downtown, shops, and I-5, blending rural charm with easy access to amenities and services.
Accessible Transportation: Easy access to public transit, nearby bus stops, and Centralia's Amtrak station ensures smooth commutes to Olympia, Seattle, and Portland.
Valley View Park Home Community, Westcliffe CO - Broker of Record: Adam Lewis
# of Sites: 28 | 2.35 Acres
20 Park Home Lots, 7 Mobile Home Lots, 1 Bungalow, and 6 Storage Units
Infrastructure Completely Replaced and Modernized in 2012
Operates on City Water and Sewer
Below Market Average Rents
Pueblo Memorial Airport – 61.5 Miles from Asset
Sundance Mobile Home Park, Escondido, CA - Broker: Dustin B. Wilmer and Douglas A. Danny
# of Sites: 88 | 6.41 Acres
Merrill Mobile Manor & RV Park, Merrill, OR - Broker: Douglas A. Danny and Dustin B. Wilmer
Price: $1,500,000 | Price per Site: $45,455 | # of Sites: 33 | Cap Rate: 6.50% | 20.25 Acres
Roanoke MHP, Roanoke AL - Broker of Record: Eddie Greenhalgh
Price: $3,100,000 | Price per Site: $39,241 | # of Sites: 79 | Cap Rate: 6.67% | 21.50 Acres
Diverse Tenant Base with Stable Cash Flow: The park generates predictable cash flow from the existing RTO homes and offers potential for increased revenue
Strong Rent Growth and Expansion Potential: With the demand for affordable housing on the rise, the vacant pads can be quickly developed to enhance occupancy and rental income.
Attractive Location and Market Fundamentals: Roanoke's affordability, combined with its close proximity to regional economic centers, makes it an appealing location for both tenants and investors.
Low Operating Costs and Operational Efficiency: With electricity billed directly to tenants and water/sewer services provided by the city, the property enjoys low utility costs arawlnd streamlined operations.
Troy MHP, Troy AL - Broker of Record: Eddie Greenhalgh
Price: $760,000 | Price per Site: $28,148 | # of Sites: 27 | Cap Rate: 7.59% | 2.08 Acres
Stable Cash Flow from Rent-to-Own Homes: The RTO structure offers the potential for long-term tenant retention and steady rental income.
Expansion Opportunity with Vacant Pads: By filling vacant pads with additional homes or increasing occupancy through new placements, investors can drive rent growth and enhance overall cash flow.
Low Operating Expenses and Efficient Management: The low utility expenses contribute to the property's profitability and operational efficiency.
Affordable Location with Long-Term Growth Potential: The Troy area offers an affordable cost of living, cosombined with steady demand for housing due to the presence of Troy University and local employment opportunities.
Monroeville MHP, Monroeville AL - Broker of Record: Eddie Greenhalgh
Price: $915,000 | Price per Site: $30,500 | # of Sites: 30 | Cap Rate: 7.43% | 12.00 Acres
Steady Cash Flow with Diverse Tenant Mix: This diverse tenant base reduces risk and enhances the park's overall financial performance.
Low Operating Expenses and Efficient Management: The efficient utility structure helps maximize net operating income and ensures a more hands-off management experience for investors.
Attractive Location: Monroeville's affordable housing market, combined with its strong local economy and proximity to larger cities, makes it an ideal location for manutured housing investments.
Frisco City MHP, Frisco City AL - Broker of Record: Eddie Greenhalgh
Price: $645,000 | Price per Site: $21,500 | # of Sites: 30 | Cap Rate: 6.91% | 9.63 Acres
Low Operating Costs and Efficient Management: The low utility costs allow for higher profitability and greater ease of management.
Attractive Location with Affordable Living: Frisco City's combination of affordable living, proximity to larger regional markets, and a strong local economy positions the park for long-term success.
Potential for Rent Growth: The park's lot rents are positioned below market in comparison to other nearby communities, providing an opportunity to implement gradual rent increases as the market allows
Diverse Tenant Mix with Stable Cash Flow: The lot rent units provide a steady stream of income, while the RTO and VPOH homes offer additional revenue potential and longer tenant retention. This tenant mix reduces income volatility, providing the investor with a stable cash flow stream.
Alexander City MHP, Kellyton AL - Broker of Record: Eddie Greenhalgh
Price: $585,000 | Price per Site: $30,789 | # of Sites: 19 | Cap Rate: 7.50% | 0.63 Acres
Stable Cash Flow from Lot Rent Spaces
Significant Upside Potential with Vacant Lots
Low Operating Expenses and Efficient Management
Attractive Location in a Growing Market: Alexander City benefits from its position as a regional hub for both residents and tourists, offering access to Lake Martin, which attracts seasonal residents and vacationers. The area's economy is diversified, and housing demand continues to grow due to the area's affordability, natural beauty, and proximity to major transportation routes.
Prairie Estates Mobile Home Park, Calhan CO - Broker: Maxwell M. Rist, Brandon Kramer, Barry Higgins
Price: $7,700,000 | Price per Site: $77,778 | Cap Rate: 8.00% | # Sites: 99 | 172.94 Acres
Abundant On-Site Water Supports up to 260 Pads
Within a 13-Minute Drive of Schriever Air Force Base
Location Serves as Affordable Housing Option within the Colorado Springs Area
Darlington MHP, Darlington SC - Broker: Ryan Lipomi, Nick R. Lore, William D. Graves Jr, Nate McDaniel, Dylan Hellberg
Price: $655,000 | Price per Site: $32,750 | # of Sites: 20 | Cap Rate: 8.37% | 16.42 Acres
Efficient Utility Structure: The parks utility setup minimizes owner expenses while providing reliable services for residents.
Upside Through Vacancy Fill: Immediate potential to increase revenue by filling vacant spaces, enhancing cash flow and the property's overall return on investment.
Consistent Demand for Affordable Housing: The steady demand for adorable housing in the area supports long-term occupancy stability and continued rental growth.
Bunnlevel MHP, Bunnlevel NC - Broker: Ryan Lipomi, Nick R. Lore, William D. Graves Jr, Nate McDaniel, Dylan Hellberg
Price: $950,000 | Price per Site: $29,688 | # of Sites: 32 | Cap Rate: 7.22% | 30.03 Acres
Stable Income with High Lot Rent Composition: Lot rent properties offer lower tenant turnover & greater rent stability, making this a strong foundation for consistent cash flow
Upside Potential from Vacant Lots and Development: The vacant pads can be developed with new homes or filled with additional Vendor-Purchased-Owned Homes (VPOH), increasing occupancy and rental income
Proximity to Key Economic Hubs and Military Installations
Low Operating Costs and Efficient Utility Management: With electricity directly billed to tenants, Bunnlevel MHP keeps utility expenses low for the owner. Additionally, both water and sewyer are provided by the city, further streamlining operations and reducing management complexities.
Clinton MHP, Clinton SC - Broker: Ryan Lipomi, Nick R. Lore, William D. Graves Jr, Nate McDaniel, Dylan Hellberg
Price: $815,000 | Price per Site: $32,600 | # of Sites: 25 | Cap Rate: 8.02% | 13.94 Acres
Diverse Revenue Streams: Generates income from multiple tenant types offering a balanced income profile and mitigates risk by appealing to a variety of tenant needs.
Value-Add Opportunity: Filling vacant spaces could enhance cash flow and occupancy rates while adding value to the overall investment.
Growing Demand in Affordable Housing: Clinton, SC benefits from proximity to the Greenville Spartanburg-Anderson metro area, which is experiencing economic and population growth.
Ellerbe MHP, Ellerbe NC - Broker: Ryan Lipomi, Nick R. Lore, William D. Graves Jr, Nate McDaniel, Dylan Hellberg
Price: $405,000 | Price per Site: $27,000 | # of Sites: 15 | Cap Rate: 7.43% | 1.84 Acres
Upside Potential through Vacant Lots: The vacant pads can be developed with new homes or filled with Vendor-Purchased-Owned Homes (VPOH), increasing occupancy and enhancing rental income.
Affordable Housing Demand in a Growing Region
Efficient Utility Structure
Steady Income from Lot Rent Spaces: Lot rents are typically stable and offer the advantage of lower turnover and higher tenant retention rates compared to other rental models. This creates a predictyaable cash flow and minimizes vacancy risk, making it an attractive option for long-term investors seeking steady returns.
Helena MHP, McRae-Helena GA - Broker: Ryan Lipomi, Nick R. Lore, William D. Graves Jr, Nate McDaniel, Dylan Hellberg
Price: $1,190,000 | Price per Site: $30,513 | # of Sites: 39 | Cap Rate: 7.35% | 5.92 Acres
Strong Tenant Mix and Cash Flow Potential: The park's diverse tenant mix offers a balance of stable income and future rent growth.
Opportunity for Rent Growth: Significant upside potential in increasing occupancy and implementing rent increases for both existing homes and newly developed pads.
Attractive Market Fundamentals: Helena's combination of small-town charm, affordability, and proximity to regional job centers makes it an attractive location for long-term investment.
Low Utility Costs and Operational Efficiency: With electricity billed directly to tenants and water/sewer services provided by the city, Helena MHP maintains a relatively low overhead, reducing operational risks.
3-Park Utah Portfolio, Tooele UT - Broker: Adam Lewis
Price: $5,999,500 | Price per Site: $89,545 | # of Sites: 67 | Cap Rate: 6.41% | 12.14 Acres
67 MH Site | 1 SFR 3-Park Portfolio in Salt-Lake City Metro
3 Parks located in Tremonton, Toole & Ogden Utah
City Water & City Sewer | Direct-Billed Electricity
Flat-Rate Water & Sewer | No Gas | Trash Included in Rent
All Parks are 100% Occupied
High-Demand, Low Velocity & Vacancy Market
Well Below Market Rents
All Parks Being Sub-Metered for W/S w/ Metron Services and Installation of New Signage is Underway
Valley View Mobile Home Park, Lumby BC - Broker: Adam Herman, Patrick McEvay, James Blair, Sunil Suvarna
Price: $5,000,000 | Price per Site: $60,241 | Cap Rate: 5.21% | # Sites: 83 | 2.48 Acres
Well situated in a growing Okanagan market, the property is conveniently located with its close proximity to Vernon and an hour drive from Kelowna International Airport.
The property offers little required future capital expenditures with close to $500,000 spent within the last two years to replace two new septic fields.
The park has a strong going in cap rate, with room for improvement upon turnover. Current pad rentals average $356 per month, with new pads renting at $550 per month upon turnover.
The park is built on a sprawling 33.4 acres of land, with room to add additional pads to increase potential income.
Sufficient scale alllows the potential purchaser to have a "hands off" approach with a caretaker currently in place.
Lassen Mobile Home Park, Susanville CA - Dustin B. Wilmer, Douglas A. Danny, Maya Bailey
Price: $1,300,000 | Price per Site: $43,333 | # of Sites: 30 | Cap Rate: 9.12% | 7.75 Acres
28 MH Sites | 2 SFR's | Additional Acreage (2.55AC)
Fenced Yards | Paved Roads | Large Sites
Infill Upside | Owner has completed all COVID Evictions
Direct Billed Electric for Majority of Sites | 8 Sites are Sub-Metered for Electricity
Direct Billed Gas & Flat-Rate Pass Through for W/S/T
No County or Local MHP Rent Stabilization Ordinance
Stable Tenancy & Historically Low Vacancy Market
Please note that it includes two additional parcels of vacant residential land (adjacent to park). Buyer to perform their own Due Diligence to determine by-right allowable development
Green Mountain MHC, Lenoir NC - Broker: Jeff Shugarts, Nick R. Lore, Nate McDaniel
Price: $700,000 | Price per Site: $26,923 | # of Sites: 26 | Cap Rate: 7.54% | 8.00 Acres
Consistent cashflow from Lot Rent homes with minimal maintenance and management
Opportunity for development of up to 65 lots just outside of the desirable Appalachian Mountains
Close proximity to Blowing Rock, Hickory, and Lenoir Downtowns
Asset elevation contours allow for large, desirable lots.
YALE
MHC, Akron, OH - Pittsburgh, PA Region - Broker: James McCaughan
Price: $4,200,000 | Price per Site: $40,200 - $53,600 | Cap Rate: 7.8% | # Sites: 75-100 | 15 Acres
75- to 100-site manufactured housing community connected to municipal sewer, with water usage metered and billed to tenants, also includes storage units
Projected 95% occupancy at closing and room to increase rents blends stability of full occupancy and value-add potential of rent increase
90% of paying tenants own their homes or are on path to ownership, translating to reduced management responsibility and greater optionality on exit
Nonrecourse, full-term I/O Fannie Mae debt can be assumed, with nearly 8 years left until maturity
MSA is 100k+ and comes with diverse employment base including Walmart, food distribution, manufacturing, education, and healthcare, with one employer recently awarded an approximately $100 million federal government contract
2 - MHC Portfolio, Southern California - Broker: Dan Cook
Price: $12,800,000 | Price per Site: $72,600 - $90,750 | Cap Rate: 4.80% | # Sites: 100 - 125 | 15-20 Acres
No Rent Control: Allows for strategic rent increases without restriction
Attractive Financing: Owner willing to finance at 5% interest only for 5 years
Significant Lease Up Potential: Vacancies offer rapid lease up income growth
Park Owned Homes: Multiple homes for sale, providing additional revenue
Infrastructure Development: Expansion of transport networks and train stations
2—MHC Portfolio, South Central WV - Broker: Mitch Gonzalez, Harrison Bell
Price: $4,500,000 | Price per Site: $29,000 - $43,500 | Cap Rate: 7.64% | # Sites: 125 | 40 Acres
Direct billed city utilities
85%+ occupied and 90% tenant owned
Two parks located less than an hour from each other
Recent appraisal for well above target price
Management group willing to continue post-sale
Senior Florida MHC, Tampa-Sarasota FL Region - Broker: James Cook
Price: $7,250,000 | Price per Site: $58,000 - $96,650 | Cap Rate: 4.12% | # Sites: 100 | 90 Acres
Rare 55+ MHC in a high demand retiree market
Municipal water and sewer - submetering opportunity
Rents are 50% below the comparable properties, all within very close proximity
All sites feature off-street parking, 45% can facilitate DW’s
Vacancy can be leased with RV’s legally and fast
Hybrid MH & RV Park, Space Coast Region FL - Broker: James Cook
Price: $19,500,000 | Price per Site: $62,350 - $74,800 | Cap Rate: 5.94% | # Sites: 275 | 90 Acres
Rare institutional size and quality 55+ community
Booming Space Coast region with significant demand
$400k new pool, plus extensive additional upgrades made
2/3’s MHC, and 1/3 of RV are permanent
Best maintained and amenitized community in the local market
Pittsburgh, PA MSA - Broker: Harrison Bell
Price: $2,200,000 | Price per Site: $36,000 - $54,000 | Cap Rate: 6.29% | # Sites: 50 | 10 Acres
Located in a Top 30 MSA in the US
City Utilities – Upside in Submetering
Stable Occupancy – Light Infill Opportunity
$125k in CapEx Completed in Last 12 Months
95% Tenant Owned Homes
MH/RV Southwest Arizona - Broker: Dan Cook, Justin Horton
Price: $19,500,000 | Price per Site: $48,750 - $55,700 | Cap Rate: 4.96% | # Sites: 350-400 | 25 Acres
High Occupancy: 95% occupied, gated, and well-maintained 55+ community.
Room for Growth: Stable tenant base with potential for future rent increases.
Prime Location: Close to scenic recreation, shopping, and diverse attractions.
Attractive Financing: Assumable 2.8ya% agency loan with 3 years of interest-only.
Efficient Operations: ~40% expense ratio, 5% cap on real estate tax increases annually.
5 - MHC Portfolio, Rawlins & Saratoga WY - Broker: Brian McDonald
Price: $16,500,000 | Price per Site: $45,380 - $56,725 | Cap Rate: 7.7% | # Sites: 200-250 | 45 Acres
Opportunity to lease up 30+ spaces with demand from wind energy project
150+ park-owned homes 2006 or newer, 40+ homes less than five years old
All five parks have municipal water and sewer
Add 18 spaces at park with waiting list and water/sewer line already in
Rare opportunity to enter market with portfolio and economies of scale
TN & VA 9-Park Portfolio, Eastern TN to Southwest VA - Broker: Charles Castellano
Price: $45,250,000 | Price per Site: $75,400 - $82,250 | Cap Rate: 8.12% | # Sites: 550 - 600 | 125 +/- Acres
Recently Developed and Stabilized Communities
High Occupancy and Low Turnover
Direct Billed Water at All Communities
Municipal Sewer at Majority of Communities
Includes ~400 Park Owned Homes
All Park Owned Homes 2018 – 2024 Vintage
MHC, Crawford County, Iowa - Broker: Ken Schefler
Price: $3,500,000 | Price per Site: $38,100 - $49,000 | Cap Rate: 7.83% | # Sites: 125 - 150 | 10-15 Acres
Attractive Pricing – 7.8% cap rate with 16% cash on cash in year one.
Fully Stabilized – Only 1 vacant lot and 4 vacant homes. Otherwise, fully occupied with tenant owned homes and RTO contracts
Attractive Financing – Assumable agency debt with 4.5% interest with 2.5 years of I/O and 8 years left on the full term.
Strong Infrastructure – Municipal water and sewer already submetered and billed back along with trash billbacks
MHC, Fort Wayne - Indiana MHC - Broker: James McCaughan
Price: $2,850,000 | Price per Site: $34,800 - $52,200 | Cap Rate: 7.37% | # Sites: 50-75 | 2.5 Acres
Near-stabilized MHC in high-growth market
Sub-metered city water and sewer
Low park-owned home count consists entirely of recent vintage models, all set in 2023
Room to increase rents significantly
MHC, New Haven CT MSA - Broker: Harrison Bell
Price: $4,700,000 | Price per Site: $62,650 - $94,000 | Cap Rate: 7.06% | # Sites: 50-75 | 5-10 Acres
100%+ Occupied & 100%+ Tenant Owned Homes
High-Quality, Riverfront Community
Limited Affordable Housing in the Area
Opportunity to Convert Commercial Space into Apartments
Located near New Haven, Waterbury, & Danbury
MHP, Daytona Beach, FL MSA - Broker: James Cook
Price: $3,100,000 | Price per Site: $53,550 - $75,000 | Cap Rate: 5.23% | # Sites: 50 - 70 | 2.50 Acres
All municipal utilities
20% below market rents and 20% vacant
One block off the intercoastal
Urban infill location, surrounded by retail and jobs
4-MHC Portfolio, Roanoke, VA MSA - Broker: Harrison Bell
Price: $7,000,000 | Price per Site: $46,200 - $55,450 | Cap Rate: 6.50% | # Sites: 125 - 150 | 60 +/- Acres
90% Occupied, 95% Tenant Owned Homes
Located Within One Hour Radius
Below Market Rents
Secondary Market With Diverse Economy
Non-Recourse Acquisition Debt Option
MH/RV Resort, Ludington - Traverse City MI - Broker: James McCaughan
Price: $6,250,000 | Price per Site: $43,200 - $52,800 | Cap Rate: 6.24% | # Sites: 100 | 75 Acres
New-build, high-quality MH/RV resort in top vacation region in the Midwest
Located in high-growth and high-demand western Michigan
Room to raise rents substantially (subject to cap on existing lifetime leases)
Includes engineered 150 +/- site expansion (needs simple update and re-certification)
Chicagoland MHC, Chicagoland Area, Illinois - Broker: James Mccaughan, James Cook
Price: $9,000,000 | Price per Site: $127,800 - $178,900 | Cap Rate: 5.25% | # Sites: 50 - 70 | 3 - 5 Acres
Fully occupied community with 90% tenant-owned homes
Room to raise rents 20%
3% non-recourse debt, 3+ years I/O remaining, and 11 year balloon
Located in high-demand northern suburb of Chicago within top school district
MHC, St. Louis MO MSA - Broker: Ken Schefler
Price: $7,325,000 | Price per Site: $91,150 - $121,500 | Cap Rate: 5.24% | # Sites: 60-80 | 10 Acres
17% Expense Ratio – This is a genuine coupon clipper. 99% occupied with 94% TOH, direct utility billing in place, no deferred maintenance, no onsite management needed, off site management expense included.
Strong Infrastructure - Roads in excellent shape. Municipal water, sewer, trash, and electric with direct billing already in place.
Strong Day 1 Cashflow – Over 99% occupied with lot rents at $555/mo.
Financing Secured and Assumable – 6% I/O for a 5 year term with CMBS. $21,250 assumption fee. The owner has spent over $320k in closing costs and rate buydowns for the benefit of the next owner.
Centrally Located - Community is in the St Louis MO MSA (pop 2.8m).
Lakefront MHP, Southeast Tennessee - Broker: Charles Castellano
Price: $2,200,000 | Price per Site: $35,750 - $53,650 | Cap Rate: 7.94% | # Sites: 50 | 10 - 15 Acres
Lakefront MH Community
92% TOH and 98% Occupied
$350,000+ Single Family Home Market
By-Right Expansion Opportunity
Below Market Rents
Hybrid RV & MH Park, Southeast Alabama - Broker: Charles Harrison
Price: $8,250,000 | Price per Site: $40,000 - $53,350 | Cap Rate: 8.09% | # Sites: 150-200 | 70 Acres
Hybrid MH and RV Community
Diverse Local Economy
Sub-Metered Electricity
Expansion Opportunity
Scenic Property with Amenities
MHP, Carlsbad - Artesia NM MSA - Broker: Dan Cook
Price: $1,700,000 | Price per Site: $38,750 - $51,650 | Cap Rate: 8.25% | # Sites: 30-40 | 5 Acres
Significant upside with lease-up potential and long-term stability
Outsized effective gross income projected to rise from $199K to $316K in 5 years
Advantageously located to meet New Mexico’s rising need for affordable housing
Internal Rate of Return (IRR) is projected to achieve 27.1% by Year 5
Single-family residence available immediately for on-site management or rental
2 MHC Portfolio, Key West FL MSA - Broker: James Cook
Price: $22,500,000 | Price per Site: $208,900 - $278,550 | Cap Rate: 10.00% | # Sites: 544 | 200.0 Acres
MHC Portfolio, Columbia & St. Louis MO - Broker: Ken Schefler
# Sites: 1000
Senior MHC Resort, Portland, OR - Seattle, WA Region - Broker: Chad Ledy
Price: $18,000,000 | Price per Site: $120,000 - $180,000 | Cap Rate: 7.30% | # Sites: 100 - 150
Assumable Low-Interest Rate Debt
Desirable 55+ Senior Housing Community
Well-Maintained and High Occupancy
Municipal Water and Sewer
Attractive Location Near I-5 between Portland and Seattle
MH Community, Roanoke VA - Broker: Harrison Bell
Price: $3,050,000 | Cap Rate: 6.43% | # Sites: 75+
Tampa Bay MHC, Tampa Bay FL MSA - Broker: James Cook
Price: $3,250,000 | Price per Site: $44,650 - $134,000 | Cap Rate: 9.69% | # Sites: 50+/- | 7.5+ Acres
POH income on 62% of the units and LTO on 20%
8% cap as a POH rental or 6.4% as a lot rent model selling off the POH.
Minutes to two major interstate on/off ramps and major grocers
Owned and operated by a national owner, with in place management.
Well water and completely redone septic system
MHC Portfolio, Bay Area CA - Broker: Chad Ledy
Price: $45,000,000 | Price per Site: $224,500 - $299,350 | Cap Rate: 6.80% | # Sites: 150-200
Rare opportunity to purchase a Bay Area portfolio.
Great location, ~30-mile drive to downtown San Francisco —
Insatiable local affordable housing demand
All properties within 5-mile radius
Expansion opportunity and flexible operational up-side
MHC, Miami FL - Broker: James Cook
Price: $20,000,000 | Price per Site: $133,350 - $200,000 | Cap Rate: 4.8% | # Sites: 100-150 | 8+ Acres
Rare opportunity to acquire an urban-infill MHC in Miami
Massive Upside via up to 1,200 MF unit underlying zoning
15 Mi2nutes to Nearly All of Miami
Dually zoned and can be converted to an RV park, rates ranging from $100-200 per night and Year-round demand driving 70-80% occupancy.
Brand new water system, $1.25m to replace septic lines and connect to public sewer.
MHC Portfolio, Tampa - Crystal River, FL Region - Broker: James Cook
Price: $9,400,000 | Price per Site: $75,050 - $93,800 | Cap Rate: 4.97% | # Sites: 100-125 | 14 Acres
2 Senior MHC’s Within 25 Minutes Of Each Other
Majority of Sites Feature Double Wides
All Sites Are Connected to Municipal Water & 2/3rds Connected to Muni. Sewer
15-20% Below Market Rents
Located In the Greater Tampa Bay MSA, 7th Hottest Metro Nationwide
MHC, Ogden / Clearfield MSA - Broker: Brian McDonald
Price: $6,000,000 | # Sites: 40 - 50
MHC, Southern New Mexico - Broker: Dan Cook
Price: $20,000,000 | Price per Site: $66,650 - $80,000 | Cap Rate: 4.70% | # Sites: 250-300
Community currently has rents $100 below market
Connected to public utilities and should be passed through to tenants
Nicely amenities, including clubhouse, pool, and playground
Roughly one third of the homes have seller financed notesut
Agency quality community
MH Community, New Mexico Region - Broker: Max Hernandez
Price: $1,800,000 | Cap Rate: 4.50% | # Sites: 40-60
3.5 Star
MH Community, Gainesville Metro FL - Broker: James Cook
Price: $9,500,000 | Price per Site: $45,150 - $67,750 | Cap Rate: 5.52% | # Sites: 125 | 25-30 Acres
Family MHC in a severely underserved market of Central FL
Strong employment base surrounding property and very little housing
30-minute commute to two mid-size metros and the Gainesville FL metro
Nicely amenitized, including a Clubhouse, pool, and large spaces that can fit DW’s
Ownership turned around and leased up the property in the last 4 years, 60% still park owned
Six MHC Portfolio, Greater Houston MHC - Broker: Dana Smith
Price: $30,500,000 | Price per Site: $88,900 - $106,700 | Cap Rate: 5.31% | # Sites: 250-300
5 communities all within a ~70-mile radius all in th9e Houston MSA providing ease for economies of scale and bolt on properties.
Below market rents in a very high demand market.
Low R&M costs, and a manager in place to manage all 5 properties.
Major value in privately owned utility system with rate order allowing rights to distribute water to be bought wholesale sold retail. Municipal utilities throughout portfolio.
Low percentage of POH.
CBRE
Quail Run of Moscow Mills MHC, Moscow Mills MO - Broker: Jon Shay, Myles McGinnis, Corey Egan
Price: $14,015,000 | # Sites: 248 | 44.53 Acres
Quail Run, developed between 2000s and 2021, offers 248 sites with 95 tenant-owned, 17 rent-ready, 52 lease-to-own, and 7 rental units, offering stable rental income with potential upside.
The property generates consistent cash flow through strong occupancy, with 7 rented homes, 17 rent-ready homes, and 52 lease-to-own homes providing immediate cash flow and long-term financial security.
The property, with its excess land capable of supporting 81 additional homes, could increase its net income by 40%+ if completed and introduced at current market rents.
Lot rents are 33% below market averages, offering revenue growth and potential for improved cash flow and property performance due to the lack of affordable alternatives.
Quail Run, located in Lincoln County, is a growing community with a 10% population increase since 2021. It offers proximity to retail, schools, jobs, and recreation, and is served by the Lincoln County R-III School District. Higher education is available at St. Charles Community College, and residents enjoy outdoor activities at Cuivre River State Park and Woods Fort Golf Course.
Lincoln County's strong economic indicators, including a median household income of $95,000 and low unemployment, create a stable tenant base and demand for affordable housing. The steady population growth and high homeownership rate indicate market stability, with potential for future property value appreciation.
Quail Run, with its rapid population growth and strong economic indicators, is poised to capitalize on the rising demand for affordable housing, offering long-term profitability for investors.
Jackson MHC, Hemet CA - 93 Units- Broker: Norman Sangalang, Jez Lawson, Erik Edwards
Crestview MHC, Lancaster CA- 101 Units - Broker: Norman Sangalang, Jez Lawson
MHP BROKERAGE
New!
Hazel Green MHP, Hazel Green AL - Broker: Wyatt Minor
Price: $525,000 | # Sites: 11
All TOH
City Water, Septic
City-maintained roads
Low Overhead
Below Market rents
All utilities directly billed to tenants
Leicester MHP, Leicester NC - Broker: Jody Murphy
Price: $1,450,000 | # Sites: 24 | Cap Rate: 6.4%
Well and Septic – No water testing required by the state
Revenues: $9,900 / Monthly, $118,800 / annually
Significant development potential
Durham MHP, Durham NC - Broker: Jody Murphy
Price: $1,300,000 | # Sites: 18 | Cap Rate: 7.2%
18 lots–15 TOH and 3LPO
Well and Septic – No water testing required by the state
Revenues: $9,770 / Monthly, $117,240 / annually
Significant development potential
There is potential to add five additional lots with the installation of an extra well. The additional five pads are ready to go with utility hookups
Los Reyes Family Park, San Benito TX - Broker: Wyatt Minor
Price: $21,600,000 | # Sites: 219
Seller financing available up to $4.7M
SITES: 219
DOH: 143
OCCUPANCY: 98.2%
LAND AREA: 49 acres
YEAR BUILT: 1978
COMMUNITY DESIGNATION: "All Age" Family
Mission Gardens Family Park, Mission TX - Broker: Wyatt Minor
Price: $20,500,000 | # Sites: 223
Seller financing available up to $5.8M
SITES: 223
DOH: 176
OCCUPANCY: 98.2%
LAND AREA: 17 acres
YEAR BUILT: 1972
COMMUNITY DESIGNATION: "All Age" Family
Lazy R Family Park, Harlingen TX - Broker: Wyatt Minor
Price: $7,200,000 | # Sites: 84
Seller financing available up to $2M
SITES: 84
DOH: 61
OCCUPANCY: 100%
LAND AREA: 7.2 acres
YEAR BUILT: 1940
COMMUNITY DESIGNATION: "All Age" Family
Richmond & Deluxe MHPs, OHIO - Broker: Nick VanDer Sluis
Price: $4,750,000
South Dakota Portfolio, Mitchell SD - Broker: Sammy Deeb
# Sites: 230
2 Community Portfolio, Columbia MO - Broker: Sammy Deeb
# Sites: 296
Oakdale MHP - Los Angeles, Sunland CA - Broker: Sammy Deeb, Ahmad Alassadi
Price: $11,000,000 | # Sites: 87
Northern CA Portfolio, Crescent City, CA - Broker: Joel Sachs
Price: $7,300,000 | # Sites: 145
Tall Pines Trailer Park, Blakely GA - Broker: Omar Elassadi
Price: $1,700,000 | # Sites: 50
Potential for rent increase
City Utilities
Tenants pay for Power, Water, Sewer & Trash
On-sight manager
$35k Bob Cat & $13k Lawn Mower Included
Park located about 32 miles NE of Dothan, AL
West Texas Portfolio, Plainview TX - Broker: Joel Sachs
Price: $1,650,000 | # Sites: 71
Strong In-Place Income
Rental and Infill Upside
Revamped infrastructure with full hookups on all vacant pads
Dixieland MHP, West Monroe LA - Broker: Kevin Murton
# Sites: 16 | Cap Rate: 7%
Owner financing available
Value add opportunity
Directly billed city utilities
Pet and smoking free
Little to no expenses
Yearly NOI north of $25k
2 Park IN Portfolio, IN - Broker: Kevin Murton
Price: $1,500,000 | # Sites: 44 | Cap Rate: 8.3%
Value add opportunity
Manager on site
Pet and smoking-free
Yearly NOI north of $100k
Suwannee Mobile Home Park, Live Oak FL - Broker: Ahmad Alassadi
Price: $3,500,000 | 3.5 Acres
Yorkshire Villas, Utah USA - Broker: Elias Conrad
Price: $1,200,000
NM / West TX Portfolio, New Mexico - Broker: Joel Sachs
Price: $5,925,000 | # Sites: 288 | Cap Rate: 7.7%
Strong going in incomsune
Upside on rents and infill
Strong local economy
Confidential MHP, TX, Texas, USA - Broker: Wyatt Minor, Gina May Nestande
Price: $13,500,000
Elm Ridge MHP, Englewood CO - Broker: Sammy Deeb
# Sites: 288
Mountain West Community, California - Broker: Sammy Deeb, Elias Condrad
SUNSTONE
Maple Leaf, Houston TX - Broker: Casey Thom, Tony Houchin
Price: $3,410,000 | # Sites: 33
City water and sewer
Recent expansion
Conveniently located near I-69, Beltway 8, and IAH
Prairie Estates Mobile Home Park, Calhan CO - Broker: Maxwell M. Rist, Brandon Kramer, Barry Higgins
Price: $7,700,000 | Price per Site: $77,778 | Cap Rate: 8.00% | # Sites: 99 | 172.94 Acres
Abundant On-Site Water Supports up to 260 Pads
Within a 13-Minute Drive of Schriever Air Force Base
Location Serves as Affordable Housing Option within the Colorado Springs Area
Hazel Crest MHP, Hazel Crest IL - Broker: Robert McBroom, Kolman Bubis, Zach Scheck
Price: $450,000 | # Sites: 25
Value creation by filling vacant inventory and sites
5-minute drive from Amazon fulfillment center
Situated 25 miles south of Chicago
Easy access to the Tri-State Tollway
Water, sewer, and trash are billed back to residents
Tower Terrace, North Canton OH - Broker: Jeff Kozel, Daniel Simmons, CCIM, Robert McBroom
# Sites: 102
94% Occupancy Rate
8-acre Expansion Opportunity
Centralized location
City water/sewer
Cedar Pointe, Mt Vernon IL - Broker: Alyssa DeBono, Murphy Holloway, Doug Banerjee, Henry Mathies, Kolman Bubis
# Sites: 42
Cedar Pointe offers investors the opportunity to purchase a 42-unit Low Income Housing Tax Credit (LIHTC), detached single-family home style development located in Mt. Vernon, IL. Cedar Point is offered fee simple and free and clear of existing debt from the original developer. The scattered-site property was developed in 2005, through the 9% LIHTC program. 100% of units operate under a LURA, with nine-units restricted to 50% AMI and the remaining 33-units restricted to 60% AMI. All units are family designated, and 21-units offer 3 bedrooms and 21-units offer four bedrooms. In addition to the rental units, the property offers a central leasing office.
Cedar Pointe has averaged less than 2% vacancy over the last two years. Investors are presented with an opportunity to acquire a well maintained and extremely consistent property. In addition to strong historical occupancy, the property has achieved near net max rents over time.
Cedar Pointe is the only privately owned detached single-family style LIHTC development in Mount Vernon. It is also the only privately owned LIHTC development that offers 4 bedroom units. Mount Vernon has a limited supply of LIHTC properties in general and virtually none that offer unit mixes and square footages than Cedar Pointe.
Weaver Estates, Sharpsburg NC - Broker: Kolman Bubis, Zach Sheck
# Sites: 275
275 sites in Sharpsburg, North Carolina - Wilson County
50% occupancy - tremendous opportunity to infill new homes to drive occupancy and improve the community
$389 per month average site rents - submarket average $450 per month
City water and sewer service plus all utilities are direct billed to residents
Community roads are owned/maintained by the city
Kansas 2 Park Portfolio - Broker: Daniel Simmons, Ross Torian, Jacob Anderson
# Sites: 186
77 POH’s included
Infill opportunity
Expansion potential via excess vacant land
Largest city in Kansas | Population > 395,000 | Metro Population >645,000
Bishop Mobile Home Park, Slidell LA - Broker: Jeff Kozel
Price: $2,100,000 | # Sites: 41
Paved roads & off street parking
90% + Occupancy
Conveniently located 5 minutes from I-10, Fremaux Town Center shopping mall
Cedar Cove, Burfordville, MO - Broker: Zach Sheck, Jeff Kozel
Price: $1,100,000 | # Sites: 21
9.0% asking CAP rate - 2 hours south of downtown St. Louis
All 15 sites are occupied park-owned home rentals averaging $760 per month
Includes one apartment building with 6 units – 5 at $800 and 1 at $850 per month
Property was built in 2010
Water is public and sewer is private lagoon
Water and electric are direct billed to residents
Walnut Grove, Farmington, MO - Broker: Zach Sheck, Jeff Kozel
Price: $4,470,000 | # Sites: 91
8.8% asking CAP rate
Approximately 75 miles south of downtown St. Louis and built in 2001
Potential for 23 to 25 expansion sites
Majority of roads are paved with off street parking – new section currently has gravel roads
Water and sewer lines are in-place to accommodate expansion sites
Wheel Estates, Slinger WI - Broker: Kolman Bubis, Zach Scheck
# Sites: 100
100 Lots - Slinger, Washington County, Wisconsin Location - City Water & Sewer Service
67% Occupancy - Tremendous Opportunity to Infill New Homes to Drive Occupancy and Improve the Community
$372 per month Average Site Rents - Greater Submarket average exceeds $500/month - Opportunity to Improve W/S Collections
Excellent Greater Milwaukee location close to Highway 41, Waukesha, Germantown and Menomonee Falls
Paxton MHP, Paxton IL - Broker: Robert McBroom, Kolman Bubis, Zach Scheck
Price: $310,000 | # Sites: 21
Value creation by filling vacant inventory and sites
Opportunity to bring rents to market over time
Located off Highway 45
Water, sewer, and trash are billed back to residents
Ft. Worth/Dallas Portfolio - Broker: Robert McBroom, Casey Thom
# Sites: 381
Vibrant all-age communities with 381 MH sites
Impressive 93% occupancy rate (across 6 of the assets)
Well below average lot rent of $707
Prime opportunity for strong scale ownership in the DFW Metroplex
Significant growth potential through vacancy infill, including vacant land and redevelopment opportunities
Includes 94 owner-financed homes, note balance of $4,074,208 (average balance less than $50,000 per new home)
Six of the eight assets have city utilities: two use private well water and sewer systems, with possible city water access
NEWMARK
Blythe Marina Estates, Blythe CA - Broker: Andrew Shih, Todd Fletcher, Braden Weaver, Wills Vlasek, Samuel Rector
# Sites: 60 | 4.95 Acres
Opportunity to complete the buildout of the community and add 67 expansion sites, bringing the total site count up to 127 sites. The Owner is working with HCD to revise the PTO to its original count of 127 spaces.
The Owner has been able to bring in homes into the park and sell them to residents. A total of 20 homes have been brought in since 2015 and sold to residents within 4 months after delivery. There are currently 4 vacant homes that the Owner expects to sell in the next few months, which will add another $28,000 in annual site rental revenue in Year 1.
Value-add opportunity for a new owner to boost revenue by filling the remaining vacant sites. Filling the current vacant sites (5) would add nearly $38,000 in additional annual site rental revenue for a new owner with minimal increases to the expenses. There is also a storage area which can be rented out.
Another source of upside would be to raise lot rents up to market. The community is not governed by rent control, giving a new owner the opportunity to raise lot rents annually without governmental restrictions. The current Owner will increase the lot rent anywhere from $17.50 to $50 in December 2024, which should add over $13,000 in annual site rental revenue for the next Owner. This is not included in our Proforma in the Financial Analysis section of our OM.
Blythe Marina Estates should qualify for attractive debt financing. Please contact Sam Rector for more details (see footer below for his contact information).
The community features an attractive layout with off-street parking and paved roads. The community also offers a completely remodeled community clubhouse with full kitchen, billiard table, refreshing swimming pool, whirlpool spa, patio deck, picnic area and launching facilities directly across the street at Quechan Marina. The community also has storage for boats, RV, and motor homes.
COOPER CARDINAL
Dean's Mobile Home Park, Tucson AZ - Broker: Jack A. Cardinal
Price: $590,000
Northview MH & RV Park, Washburn ND - Broker: Jack A. Cardinal
Price: $875,000
OTHER STREET
Val's Mobile Home Park, Marlborough MA - Broker: Enon Wrinkler
Price: $1,150,000 | # Sites: 47
Well maintained, stabilized Community
Rare opportunity to acquire a community in the Boston MSA
Community is NOT subject to Rent Control
Lot & Park Owned Home rents significantly below market
Public Utilities
High demand for affordable housing in a city where median home value is approximately $450,000
Inventory of park owned homes that could be converted to tenant-owned homes
Timber Ridge, Freeport IL - Broker: Enon Wrinkler
Price: $1,000,000 | # Sites: 47
IImmediate rental infill upside opportunity with ten vacant lots to be filled
Opportunity to achieve a total operating income of $432,345 by year five Potential to achieve a cash-on-cash return of 17.02% in year three
Estimated value of $2,410,000 in year three based on a 7.50% cap rate
Opportunity to acquire a bolt-on community in a strong location in the midwest at the crossroads of U.S. Route 20 and Illinois Route 26
Spring Brook MHP, Forreston IL - Broker: Enon Wrinkler
Price: $1,150,000 | # Sites: 31
Immediate infill upside opportunity
Immediate rental upside opportunity with lot rents currently below-market by ~$55/M
Potential to achieve a total operating income of $217,688 by year five
Ability to achieve a cash-on-cash return of 17.20% by year three
Estimated value in year three of ~$1,880,000 based on our underwriting at a 7.50% cap rate
Streets at the property are owned and maintained by The City of Forreston
Granite Falls MHP, Granite Falls MN - Broker: Enon Wrinkler
Price: $1,150,000 | # Sites: 47
Immediate infill upside opportunity with nine vacant sites ready to be filled
Opportunity to achieve a total operating income of $410,564 by year five
Potential to achieve a cash-on-cash return of 20.80% in year three Estimated value in year three of $2,620,000 based on a 7.50% cap rate
Opportunity to acquire a bolt-on community in the midwest strategically positioned along U.S. Highway 212, connecting it to larger cities
Pipestone Estates, Pipestone MN - Broker: Enon Wrinkler
Price: $1,100,000 | # Sites: 62
Immediate infill upside opportunity with ten vacant lots to be filled
Opportunity to obtain a cash-on-cash return of 18.90% in year three Estimated value in year three of $2,360,000 based on a 7.50% cap rate
Potential to achieve a total operating income of $361,935 by year five
Opportunity to acquire a bolt-on community in the midwest just twenty miles from Sioux Falls, SD
Michigan Avenue Estates, Jackson MI - Broker: Enon Wrinkler
Price: $1,350,000 | # Sites: 40
Immediate rental upside opportunity, lot rents are currently below-market by ~$90/M
Immediate infill upside opportunity with nine vacant lots ready to be filled
Opportunity to achieve a total operating income of $315,943 by year five
Potential to achieve a cash-on-cash return of 14.00% in year three Estimated value in year three of $2,570,000 based on a 7.50% cap rate
Opportunity to acquire a bolt-on community in the midwest
Belfast, ME Portfolio, Belfast ME - Broker: Enon Wrinkler
# Sites: 90
Turnkey portfolio at 99% occupancy with the communities located approximately three miles from each other
Portfolio consisting of all tenant-owned homes with an additional 31 sites that are entitled and shovel ready
The expansion of Seacoast Village, given the affordable housing shortage in Maine and the high occupancy of the portfolio, is a meaningful opportunity to increase the portfolio to 121 sites between both communities
Communities serviced by city water and a mix of city sewer and septic, which is direct-billed at one of the communities, with opportunity to bill-back with Metron at the other
Opportunity to achieve a total operating income of $693,139 by year three
Potential to acquire communities in Belfast, Maine, along the Penobscot Bay and close to other inland towns such as Augusta and Bangor
Valley MHP, Castroville TX - - Broker: Enon Wrinkler
Price: $3,000,000 | # Sites: 72
Immediate rental upside opportunity, lot rents currently below-market by ~$107/M compared to neighboring communities in the San Antonio MSA, home to 2.6M residents
Opportunity to infill the remaining six vacant RV sites
Potential to achieve a total operating income of $439,000 by year three
Opportunity to achieve an average cash-on-cash return of 8.90% over a five year holding period
Ability to bill back tenants for water and sewer and tie into municipal connection
Additional consideration requested for water waters in the amount of $165,330
16.533 acre feet of water rights at the property
Hageman's Shady Acres, Keokuk IA - Broker: Enon Wrinkler
Price: $1,400,000 | # Sites: 64
Immediate rental upside, lot rents currently below-market by ~$119/M compared to neighboring communities
Immediate infill upside opportunity with eight vacant lots available to be filled
Potential to achieve a total operating income of $276,975 by year five
Opportunity to achieve a cash-on-cash return of 18.39% over a five year holding period Ideal location along the border of Iowa, Illinois, and Missouri
Northeast MHC Portfolio, NY, ME, RI, & MA - Broker: Enon Wrinkler
# Sites: 1,233
Airway Estates, Defiance OH - Broker: Enon Wrinkler
Price: $1,200,000 | # Sites: 42
Majority tenant-owned home community that will be at 100% occupancy by closing
Potential to generate a total operating income of $281,208 by year five
Opportunity to achieve a cash-on-cash return of 22.25% over a five year holding period
Community serviced by city water billed-back to tenants
Opportunity to acquire a bolt-on community outside of both Toledo and Fort Wayne, Indiana
Somerset Estates, Somerset Center MI - Broker: Enon Wrinkler
Price: $5,400,000 | # Sites: 300
Immediate infill upside of the 203 vacant sites
Immediate rental upside, site rent is currently ~$60/m belowmarket and home rent is currently ~$150/m below-market
Opportunity to acquire a community of scale at a price below replacement cost
Development of solar farms in Somerset will expand job opportunities and further the need for affordable housing and home rentals in the area
The Gables, Poughkeepsie NY - Broker: Enon Wrinkler
# Sites: 280
Prime location in Poughkeepsie, NY with proximity to essential services and transportation options including direct Metro North access to New York City
Highly desirable five-star community with many high-quality amenities in place 280 double wide lots, with ~100% occupancy at sale Strong home sales market for sustained occupancy rates with new homes at The Gables selling for $350,000+
Property taxes are passed through to the residents resulting in no tax burden to the community when 100% occupied with Tenant Owned Homes
Bluebird Acres, Chicopee, MA - Broker: Enon Winkler
Price: $4,250,000 | # Sites: 169
Stabilized community with 97% occupancy and slight infill opportunity
Community serviced by public utilities
Recent infrastructure replaced throughout the community
Located in the Springfield MSA which is home to a population of 694,000+ residents and just minutes from the I-90 & I-91 interchange
Less than two and a half hours from major cities including New York City, Boston, Providence, and Hartford
High demand for low-cost housing with the median home cost of $272,100 and median two-bedroom apartments renting for $1,220/m in the area
Pleasant Hill MHP, Sylvester GA - Broker: Armand Violi
Price: $549,000 | # Sites: 26
Immediate rental upside, lot rents currently below-market by $86/M compared to neighboring communities
Opportunity to achieve a total operating income of $141,861 by year three
Potential to achieve a cash-on-cash return of 25.27% over a three-year holding period
Immediate turnaround upside with five vacant park-owned homes to be rehabbed and sold
Trail Acres, Du Quoin IL - Broker: Armand Violi
Price: $300,000 | # Sites: 17
Favorable seller financing opportunity with the following terms: $210,000 note with $90,000 down, 5% interest only payments for five years
Immediate infill and turnaround opportunity, five homes can be repaired and sold and one vacant lot
NORTHMARQ
Coach Post MHP, Olympia, WA - Broker: Kevin Adolfo, Jeff Benson, Sam Neumark
Price: $4,950,000 | Cap Rate: 9% | # Sites: 72 | 6.5 Acres
Repaving the roads.
Gradually replacing older single wides & RVs with new mobile homes and park models
Connecting to city services and increasing the number of legally permitted pads.
Alpine Village, Woodland Park CO - Broker: Dave Martin
Price: $2,600,000 | Price per Site: $65,000 | Cap Rate: 6.70% | # Sites: 40
Well-kept Community in a Growing Pocket of Colorado
40 pads - 39 Mobile Home Pads, 1 Stick Built House Pad
Park is serviced by well water & city sewer services
Woodland has been experiencing a steady growth pattern which is expected to continue, with average home values rising by 16.7% over just the last year alone (per: redfin.com)
Day-1 Cash Flow + Value-Add Opportunity
Current Cap Rate of 6.70%
Year 1 Projected Cap rate of 7.32%
Upside opportunities include: paving roads, raising rents, adding amenities, and potential expansion of the park
Market Growth
Woodland Park’s real estate market is expected to witness a 7.7% increase in median home prices over the next year, presenting a lucrative investment opportunity for affordable housing (per: realtor.com)
The city of Woodland Park has experienced steady population growth over the past 10 years driven by serene natural surroundings and proximity to Colorado Springs (per: worldpopulationreview.com)
A 2016 Teller County assessment outlined the need for 1262 affordable housing units by 2025 to meet growing demand, a threshold that has been yet to be met
Town & Country Mobile Home Park, Fairbanks AK - Broker: Jeff Benson, Sam Neumark, Palmer Lloyd
Price: $1,750,000 | Price per site: $29,661 | # Sites: 59 | Cap Rate: 6.41%
59 pads – 56 tenant owned sites, 3 park owned sites
14 sites are currently vacanct
Park is serviced by well & septic
The Fairbanks North Star Borough has seen moderate population growth, with an estimated increase of 2-3% over the past five years, reflecting a stable and slowly expanding economy (Per Redfin)
Day-1 Cash Flow + Value-Add Opportunity
Current Cap Rate of 6.41%
Year 1 Projected Cap Rate of 8.80%
Upside opportunities include paving roads, raising rents, adding amenities and infilling current vacancies
Market Growth
With a $1.3B annual contribution, the military, driven by Fort Wainwright and Eilson Air Force Base, plays a crucial role in the Fairbank's economy.
The University of Alaska Fairbanks is a key economic driver, generating over $1 billion each year through research and federal funding.
Fairbanks benefits from a growing tourism industry contributing $100 million annually, alongside significant economic activity from the oil and gas sector through the Trans-Alaska Pipeline System.
Suncrest Country Club, Palm Desert CA - Broker: Jeff Benson, Sam Neumark
# Sites: 359 | 106.79 Acres
Gettysburg Commons, Gettysburg PA - Broker: Ari Azarbarzin, Anthony Pino
# Sites: 233 | 68 Acres
Gettysburg Commons is an entitled and approved development opportunity allowing for 233 mobile homes, sitting upon 68 acres of land in Bonneauville.
The Property is just 36 miles south of Harrisburg, the state capital while the outer suburbs of Washington, D.C., and Baltimore are within a one-hour drive.
Adjacent to the Bonneauville water treatment plant allowing for ease of access and connection to public water.
Compelling development opportunity with lot rents of $600+ at adjacent Bonneau Heights Manufactured Home Community.
Bonneauville is close to several parks and outdoor recreational areas, including Gettysburg National Military Park, Codorus State Park, and Michaux State Forest.
Gettysburg Commons is located 5 miles from Gettysburg College and the Historic Battlefield of Gettysburg, which receives over one million tourists on annual basis.
The Property is within a 10-mile radius of Harrisburg International Airport, Lake Heritage & Gettysburg Marine Center, Happy Ramblers Motorcycle club, Flatbush Golf Course, and Swan Lake Stables.
Expanding warehousing and logistics hub with major nearby employers such as Utz Quality Foods, Knouse Foods, and R.H Sheppard.
NAIOHB
Corpus Christi Mobile Home Park Development, Corpus Christi TX - Broker: Jesse Pine
# Sites: 431 | Price per Site: $14,000 | 90 Acres
Property sits directly across from a national brand MH community with consistent high occupancy
Developable area of 74.8 acres
Typical mobile home lot sizes 45’x110′ and 50’x110′
City water and sewer available to property*final price negotiable based on final permitted layout and site count.
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BERKADIA
Eugene Oregon MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 69
ENTRY INTO EUGENE METRO
STABILIZED TURN-KEY ASSET WITH 100% OCCUPANCY
ALL RESIDENT OWNED HOMES
PUBLIC UTILITIES
CLOSE PROXIMITY ALLOWS FOR SHARED STAFFING
FRONTAGE ALONG I-5
BELOW MARKET RENTS
Wisconsin 5-Park MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 235
235-site portfolio encompasses 5 parks
PROXIMITY TO GREEN BAY & MADISON
UPSIDE IN FILLING VACANCY
OPPORTUNITY TO SHARE STAFFING
BELOW MARKET RENTS
CURB APPEAL
Minneapolis MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 107
ENTRY INTO MINNEAPOLIS MS
BELOW MARKET RENTS
DEMAND FOR AFFORDABLE HOUSING
98% OCCUPIED
STABILIZED TURNKEY ASSET
Pittsburgh MHC Portfolio, PA - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 1215
SCALED ENTRY INTO PENNSYLVANIA
GREAT PROXIMITY TO PITTSBURGH
GREAT CURB APPEAL
BELOW MARKET RENTS
MAJORITY PUBLIC UTILITIES
OPPORTUNITY TO SHARE STAFFING
MINIMAL PARK OWNED HOMES
88% OCCUPANCY
Dayton-Canton MHC Portfolio, Ohio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 660
STABILIZED 96% OCCUPANCY
LOW PERCENTAGE OF PARK OWNED HOMES
BELOW MARKET RENTS
ATTRACTIVE CURB APPEAL
EXPANSION OPPORTUNITY
PUBLIC UTILITIES BILLED BACK TO RESIDENTS
Michigan 5 - Park Portfolio, Michigan - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 624
SCALED ENTRY INTO MICHIGAN
MICHIGAN MHC PORTFOLIO TURN-KEY ASSETS WITH OPERATIONAL EFFICIENCIES
INCREASE RENTS
ATTRACTIVE CURB APPEAL
Overland MHC, Council Bluffs IA - Broker: Ian Hilpl, Brian Hummell, Kevan Enger, Hunter Larocca
# Sites: 103
IDEALLY LOCATED IN OMAHA MSA
BELOW MARKET RENTS
OPPORTUNITY TO IMPLEMENT UTILITY RECAPTURE
ATTRACTIVE ASSET PROFILE
AGENCY FINANCING
Iowa 11 - Park MHC Portfolio, IL - IA - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 1215
SCALED ENTRY INTO IOWA
STABILIZED TURNKEY ASSET WITH OPERATIONAL EFFICIENCIES
BELOW MARKET RENTS
NMHC GROUP
Lancaster County, PA Mobile Home Community, Lancaster County PA
# Sites: 50
Boxwood Tiny Home Community, Kingsland TX
Price: $745,000 | # Sites: 14
Deer Run Estates & Red’s MHP, Baraboo & Wisconsin Dells WI
# Sites: 322
Eastern Iowa Portfolio, Maquoketa IA
Price: $2,500,000 | # Sites: 139
Carol Lynn Resorts Campground, Woodbine NJ
# Sites: 239
SKYVIEW ADVISORS
Rancho Rantoul Estates, Rantoul IL
Price: $2,050,000 | # of Sites: 52 | 4.28 acres
4.12% Fixed Rate Assumable Agency Loan, Interest Only Through June 2026
$1,600,000 Loan Balance
City Water/Sewer – Billed Back to Tenants
Low Overhead and Maintenance
# of Sites: 67 | 15 acres
Inheriting a Stable Tenant Base
City Utilities
High Cash Flow in Place
Whispering Pines MHC, Pittsburg KS
Price: $2,060,000 | # of Sites: 110 | 12.60 acres
110 Sites with 50 Currently Occupied - Ready For Occupancy Growth
Includes 46 Park-Owned Homes, with 20 Vacant and Available for Quick Lease-Up
Located in Pittsburg, Kansas, Offering a Strategic Investment in a Stable Community.