MHC Listing's Rundown 06/11/2025
New week, new MHC listings. Here’s what’s on the market today.
Listings Rundown - Summary Updates
Marcus & Millichap - Added 1 | Removed 4 listings.
MHP Brokerage - Added 3 | Removed 2 listings.
Other Street - Added 1 listing.
Northmarq - Added 1 listing.
Park Brokerage - Added 2 listings.
Berkadia - Added 1 listing.
Avine Real Estate - Added 2 listings.
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COLLIERS
Presque Isle Mobile Home Community, Presque Isle ME - Broker: Michael Nissley, Amy Barrett
Price: $1,650,000 | Price per Site: $19,400 | Cap Rate: 19% | # Sites: 85
Public Utilities
Implementing Utility Billback to Increase Revenue
Immediate Upside from Increasing Occupancy
Opportunity to Increase Rates
Golden West Mobile Home Community, Clinton OK - Broker: Michael Nissley, Amy Barrett
Price: $3,750,000 | Price per Site: $27,174 | Cap Rate: 12.6% | # Sites: 138
32 occupied POH and 9 vacant homes, which could be sold off to tenants.
Opportunity to increase rates beyond current rent roll to market.
Expense ratios will improve as infill drives revenue.
Located within 88 miles of Oklahoma City and its major employment hub.
Riverside Crossing Mobile Home Community, Los Molinos CA - Broker: Michael Nissley, Amy Barrett
Price: $2,950,000 | Price per Site: $42,754 | Cap Rate: 8.2% | # Sites: 69
24 POH with 19 currently occupied.
Expense ratios will improve as infill drives revenue, thus a substantial increase in yield.
Located within 45 miles of Redding and 28 miles of Chico.
Infilling park-model RVs for rent or sale could accelerate the lease up timeline.
Hidden Acres Mobile Home Park, Selma AL - Broker: Michael Nissley, Richard Knapp
# Sites: 201
There are 19 occupied and 31 vacant POH which could be sold off to the tenants. This would reduce operating expenses and capex reserves while reducing the basis in the property.
Immediate upside from increasing occupancy from 17% to 32% by leasing the 31 vacant POH and then infilling the 136 vacant lots to achieve 95% occupancy.
Opportunity to increase rates beyond current rent roll average.
Expense ratio will improve as infilling homes drives an increase in revenue. This will result in a substantial improvement in the yield on cost.
Renting homes could improve the time to lease-up and improve returns.
Located within 45 miles of Montgomery, a major employment hub.
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
Crescent Hills MHC, Logansport IN - Broker: Adam McNeil
Price: $2,025,000 | Price per Site: $43,085 | Cap Rate: 10.3% | # Sites: 14 | 6.59Acres
Stable Occupancy with an Opportunity to fill Vacant Homes
Located in an area with high demand for housing
City Water & City Sewer
Woodland MHC, Liberty IN - Broker: Adam McNeil
Price: $475,000 | Price per Site: $33,929 | Cap Rate: 8.5% | # Sites: 47 | 6.59 Acres
Opportunity to fill the vacant inventory homes
City Water
Located in an area for high demand for housing
Arcadia MHC, Muncie IN - Broker: Adam McNeil
Price: $700,000 | Price per Site: $35,000 | Cap Rate: 8.15% | # Sites: 20 | 1.9 Acres
Opportunity to fill tnhe vacant inventory homes
City Water & City Sewer
Onsite Manager In-Place
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
MARCUS & MILLICHAP
New!
Oakwoods Manufactured Housing Community, Tallahassee FL - Broker: Glenn D. Esterson, Dylan Hellberg
Price: $2,500,000 | Price per Site: $34,247 | # of Sites: 73 | Cap Rate: 6.20% | 3.22 Acres
73 lot manufactured housing community in the capital city of America's fastest growing state
Upside Through Infill and Responsibly Raising Rents To Market
Recent Capital Improvements
JB Mobile Home Park, Houston TX - Broker: Matt Wagner
# of Sites: 51 | 6.27 Acres
Seller Financing Available
One+ Acre of Expansion Land
Cell Tower Income
City Utilities
Rancho Dominguez Mobile Estates, Carson CA - Broker: Scott Hilmen, Dustin B. Wilmer
# of Sites: 82 | 14.29 Acres
High-Quality All-Age MHC in Southern California | 81 HCD Permitted MH Sites | 1 Single Family Residence
Underlying Land On-Market for First Time in Nearly 100 Years! | MHP Originally Developed in 1962 | Generationally Owned & Operated Since Inception
On-Site Laundry, Clubhouse/Of?ce, Community Pool, Storage Building, & Signage w/ Gardena Blvd. Frontage
29 Park-Owned Manufactured Homes Included in Sale | Majority of Park-Owned Homes Have Undergone $35K-$45K Worth of Renovations
CPUC Upgrade Program Expected to Complete in June 2025 Providing Direct-Billed Gas & Electric to Tenants | 100AMP Service to Home Sites / 200 AMP Service to Common Area Buildings Post-Upgrade
City Water & City Sewer | Water is Sub-Metered and Billed-Back to Tenants | Sewer Charges on Tax Bill | Trash & Sewer Included in Rent
Tenant-Owned to Park-Owned Home Conversion Presents Opportunity to Increase Rents ~300%.
Extremely Tight Demand in Submarket w/ Prospective Tenants Inquiring About Availability Regularly
Forest Oaks Village, Austin TX - Broker: Matt Wagner
# of Sites: 37 | 5.50 Acres
Ten Miles South of Downtown Austin
Tenant Owned Homes
Under Market Rent
Expansion Land
Pineville - LA - Broker: Christopher Jackson Noah Zuckerman
Price: $850,000 | Price per Site: $24,286 | # of Sites: 35 | Cap Rate: 3.83% | 3.97 Acres
Jennings Estates Mobile Home Park offers easy access to key services. Alexandria International Airport (AEX) is 12 miles southwest, providing commercial flights.140,000 + and growing in Alexandria MSA
Jennings Estate Mobile Home Park offers massive upside potential with full occupancy and additional income streams possible through development of the remaining 4+ acres. 58% park owned homes
Property includes on site management and current manager is open to continuing under new ownership.
The Saguaro Portfolio - 17 Parks | Tucson, AZ - Broker: Dustin B. Wilmer Douglas A. Danny
Escalon MHP, Escalon CA - Broker: Peter Aliman
Price: $950,000 | Price per Site: $79,167 | # of Sites: 12 | Cap Rate: 6.80% | 0.50 Acres
Upside in Rents
Non-Rent Controlled Market
City Water & Sewer
Laundry Room
All Age Park
2 Park Portfolio Tampa, FL - Brokers: Glenn D. Esterson
# of Sites: 125 | 14.86 Acres
Cash Flowing Stabilized Asset With Upside
Below Market Rents
Public Water at Both Parks
Canyon Crest MHC, Escondido CA - Broker: Dustin B. Wilmer, Douglas A. Danny, Maya Bailey
# of Sites: 88 | 4.67 Acres
88 HCD Permitted MH Sites
High-Quality All-Age Community in San Diego, CA
Central to All San Diego & Southern California Major Tourist Destinations
Paris Mobile Home Park, Paris TX - Broker: Matt Wagner, David Tietz
Price: $1,400,000 | Price per Site: $20,896 | Cap Rate: 8.48% | # Sites: 67 | 6.09% Acres
City Water and Sewer
Almost Entirely Tenant Owned Homes
Directly Next to Paris' Largest Employer
Offered at Less Than $21,000 per space
Sierra Meadows, Troy AL - Broker of Record: Eddie Greenhalgh
Price: $800,000 | Price per Site: $16,000 | Cap Rate: 5.60% | # Sites: 50 | 5 Acres
Opportunity Zone
Public Water
Immense Upside on Existing Lots
Lawson's Court MHP, Tifton GA - Broker: Dylan Hellberg, Glenn D. Esterson
Price: $1,300,000 | Price per Site: $76,471 | Cap Rate: 7.70% | # Sites: 17 | 1.76 Acres
All Utilities Public and Billed Directly to Tenants
100% Occupied
Stable and Turn-Key
Hillsboro Mobile Home Park, Hillsboro TX - Broker: Matt Wagner
# of Sites: 25 | 8.9 Acres
Entirely Tenant Owned Homes
All Utilities Are Billed Directly to Tenants
Seller Financing Available
City Utilities
Ceres West Mobile Home Park, Ceres CA - Brokers: Frank Rogers, Peter Aliman
Price: $3,200,000 | Price per Site: $69,565 | # of Sites: 46 | Cap Rate: 6.01% | 12.43 Acres
Non-Rent Controlled Market
Upside in Rents
City Water
Direct Billed Electric
Located Just Minutes from Downtown Ceres
Seller Financing / Mountain View MHP, Banning CA - Brokers: Douglas McCauley, David Covarrubias
Price: $1,120,000 | Price per Site: $70,000 | # of Sites: 16 | Cap Rate: 6.51% | 11.43 Acres
Seller financing Available at 6% Interest Only, Due in 5 years
Value-Add Opportunity / 6.51% Cap Rate at 80% Occupancy
Development Potential: 1.40-acre Parcel with Underutilized Land for Future Expansion. (Buyer to verify)
Growing Market: Banning's Economic Growth and New Developments Drive Housing and Investment Demand
Stable Demand: Proximity to Attractions like Morongo Casino and San Bernardino National Forest Ensures Ongoing Demand
Denny Terrace MHP, Columbia SC - Brokers: Dylan Hellberg, Glenn D. Esterson
Price: $900,000 | Price per Site: $42,857 | # of Sites: 21 | Cap Rate: 6.60% | 6.77 Acres
Public Water
Below Market Rents
Mostly Tenant Owned Homes
Chesterfield County, SC | Mobile Home Portfolio, Jefferson SC - Brokers: Nick Lore, Ryan Lipomi
Price: $1,125,000 | Price per Site: $40,179 | # of Sites: 28 | Cap Rate: 12.77% | 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
Sandy Hill & Easy Living MHP, Florence SC - Brokers: Nick Lore, Ryan Lipomi, Carson Ford, Price A. Brazzel, William D. Graves
Price: $5,200,000 | Price per Site: $43,333 | # of Sites: 120 | Cap Rate: 7.70% | 2.52 Acres
Strong In-Place Tenancy With High Occupancy & Consistent Rental Income
Value-Add Opportunity Through Leasing Remaining POH & Filling Vacant Pads
Located in Strong Markets With Low Unemployment & High Rental Demand
Growing Economic Fundamentals Support Long-Term Investment Stability
Attractive Opportunity for Investors Seeking Stable Cash Flow & Operational Upside
Myers MHP, Eden NC - Brokers: Dylan Hellberg, Glenn D. Esterson
Price: $625,000 | Price per Site: $26,042 | # of Sites: 24 | Cap Rate: 6.20% | 2.47 Acres
Publisc Water
Significantly Below Market Rents
Opportunity to infill 6 vacant POH, 2 vacant SFH, and 2 vacant MH lots
Mountain Cribbs MHC, Asheville NC - Broker: Glenn D. Esterson
Price: $1,300,000 | Price per Site: $86,667 | # of Sites: 15 | Cap Rate: 4.80% | 4.69 Acres
Public Water
Significantly Below Market Rents
93% Occupancy
Melbourne 55+ MHP, Melbourne FL - Broker: Dylan Hellberg, Glenn D. Esterson
Price: $4,500,000 | Price per Site: $121,622 | # of Sites: 37 | Cap Rate: 4.60% | 8.75 Acres
Seller Financing Available
Significantly Below Market Rents
100% Occupancy, 100% TOH Community
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
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, combined 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 Exypenses 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.
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.
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 allows the potential purchaser to have a "hands off" approach with a caretaker currently in place.
YALE
Hybrid MH & RV Park - Broker: Dan Cook
Price: $4,400,000 | Price per Site: $35,200 - $58,650 | Cap Rate: 6.56% | # Sites: 100+ | 40 Acres
Attractive Returns: Double-digit cash-on-cash and high-teens IRR projected by Year 5
Expansion Opportunity: ~17.5 acres with room for new MH/RV sites or Boat/RV storage
Strong In-Place Cash Flow: 100+/- site, age-restricted community with near 100% occupancy
Organic Rent Growth: Legacy rents offer natural upside with no major Capex needed
Supply-Constrained Market: Northern CA faces low MH/RV supply and rising affordability needs
Low Turnover Tenant Base: 55+ tenants provide long-term occupancy and strong payment history
55+ MHC, North of Tampa FL - Broker: James Cook
Price: $2,600,000 | Price per Site: $65,000 - $86,650 | Cap Rate: 5.09% | # Sites: 30-40 | 5-10 Acres
100% TOH and Below Market Rents
Explosive Growth in Area
Surrounded by New Development and Retail
Expansion Parcel Available
Large Lots and Modern Inventory Primarily
MHC, Denver | Colorado Springs - Broker: Brian McDonald
Price: $10,000,000+ | # Sites: 75-125
5 - MHC Portfolio, Rawlins & Saratoga WY - Broker: Brian McDonald
Price: $
16,500,000| Price: $15,500,000 | Price per Site: $43,150 - $53,950 | Cap Rate: 8.41% | # Sites: 200-250 | 45 AcresOpportunity 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
Senior MHC, Pasco County FL - Broker: James Cook
Price: $14,500,000 | Price per Site: $96,650 - $145,000 | Cap Rate: 3.91% | # Sites: 100-150 | 10 Acres
55+ MHC with strong resident base
WWTP with 10-year permit, new sewer lines and well water
Off-street parking and carports for each home
Offers clubhouse, shuffleboard court, and horseshoe pit
Rents in the $550 range and market is $750+
Trophy MHC, Palm Beach - Broward, FL Region - Broker: James Cook
Price: $56,000,000 | Price per Site: $140,000 - $160,000 | Cap Rate: 4.31% | # Sites: 350-400 | 50 Acres
Large assemblage in one of the hottest counties in the U.S.
Rents 50% of market averages
Unrestricted prospectus
Serviced by municipal utilities
Two rec. halls and pools, etc., updates needed
2 MHC NY PORTFOLIO, Broome County NY - Broker: Harrison Bell
Price: $9,000,000 | Price per Site: $44,750 - $59,650 | Cap Rate: 7.33% | # Sites: 150-200 | 40-50 Acres
Economies of Scale Opportunity with 175+ Sites within 30 Minutes
Sub-metered Public Water with Pass-through
96% Occupied and 98% Tenant Owned
Agency Quality Communities with Major Upgrades to Water Lines Completed
City Maintained Roads at One Community
MH/RV Park, Small Town Northern Utah - Broker: Brian McDonald
Price: $3,775,000 | Price per Site: $22,800 - $38,000 | Cap Rate: 6.97% | # Sites: 75-100 | 20 Acres
Rare Utah MH/RV Opportunity: Attractive going in 7% cap, year five 18% cash on cash and a 25% IRR
Lease-Up Potential: 30% of sites are vacant and can be filled with Manufactured Homes or RV’s, a strategy the seller has not yet pursued
Strong Market Growth: The population grew 11% in the last decade compared to 7% in the US. Over the next five years 5% growth is projected vs. 2.5% in the 9US
Rent Appreciation Potential: Local housing shortages and rising home prices approaching $350,000 support continued demand and rental rate increases
Solid Infrastructure: Onsite office, municipal utilities, main road maintained by city, and neighborhood style cul-de-sacs
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.
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
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)
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
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
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 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, 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, 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
Boulder Highway MHP, Las Vegas NV - Broker: Norman Sangalang, Jez Lawson, Erik Edwards
Price: $2,300,000 | # Sites: 30 | 2.42 Acres
Fill & Rental Rate Upside
Additional Income Through Car Lot
City Services in a Business-Friendly Market
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!
South Dakota Portfolio, Mitchell SD - Broker: Sammy Deeb
Prescott Mobile Estates, Prescott WA - Broker: Wyatt Minor
# of Sites: 28
Strong In-Place Income: 26 of 28 spaces currently occupied, with reliable, long-term tenants and consistent rent collections.
Attractive 8% Cap Rate: Strong return in today’s market with upside potential from lease-up of remaining two vacancies.
Low Operating Costs: Park operates on city water and individual septic systems — no sewer bill and limited utility overhead.
Stabilized Asset with Upside: Significant occupancy growth achieved under current ownership through infill and home sales, remaining spaces offer continued opportunity.
Hands-Off Management: On-site assistant manager handles notices and basic oversight, reducing time burden on ownership.
Long-Term Ownership: Owned and operated by the same group for 15 years, with a track record of maintenance and tenant stability.
Affordable Housing Demand: Positioned in an area with limited affordable housing options and consistent demand from agricultural and service-sector tenants.
Rural, Low-Turnover Market: Located in a quiet, stable town with limited new housing supply and historically low vacancy.
Proximity to Walla Walla: Just 25 minutes from Walla Walla — a regional center for employment, healthcare, and education — expanding the tenant pool while preserving affordability.
Country Mobile Estates, Llano CA - Broker: Jay Kowalski
11 Acres
11 acres of additional land that is zoned to add in more homes
Properly manage property and bill back for water
55+ four start quality park
Within 1 mile of country club
Cut back on management fees
Increase rents
Shady Rest MHP, Anderson IN - Broker: Jay Kowalski
Price: $1,100,000
Licensed for 30 mobile homes
Currently has 7 vacant lots that with homes on them would bring in another $7,000 monthly.
Utilities are yet to be billed back which would lower expenses
Rent is below market value
Herlong MHC, Herlong CA - Broker: Jay Kowalski
Price: $2,500,000
Value-Add Opportunity: Potential to increase revenue through lot rent adjustments, improving park amenities, or adding additional units to maximize returns.
Strategic Location: Situated along Highway 395 near the Sierra Army Depot, ensuring steady housing demand and tenant stability.
High Demand for Affordable Housing: The park meets a critical need for affordable housing in the region, ensuring long-term occupancy and financial stability.
Strong Market Fundamentals: Affordable housing demand in the area supports ongoing tenant retention and potential for rent growth.
Stable Income Stream: The park enjoys long-term tenants, providing consistent and predictable cash flow.
Springwood Estates, Tallahassee FL - Broker: Nick VanDer Sluis
Price: $1,800,000 | 5 Acres
West Monroe Portfolio, West Monroe LA
Price: $1,000,000 | Cap Rate: 11%
Oak Valley MHP, West Monroe LA
Price: $136,000 | Cap Rate: 11% | 5 Ares
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
Richmond & Deluxe MHPs, OHIO - Broker: Nick VanDer Sluis
Price: $4,750,000
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
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 smokingsoiu 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 $100ksuns
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
Elm Ridge MHP, Englewood CO - Broker: Sammy Deeb
# Sites: 288
Mountain West Community, California - Broker: Sammy Deeb, Elias Condrad
SUNSTONE
New!
North Greenwood MHC, Hodges SC - Broker: Jeff Kozel, Robert McBroom
# Sites: 115 | 43 Acres
43 Acres | Fully Entitled for 115 MH Sites
58 Home-Ready Pads with Public Utilities
Near Major Employers & Regional Hubs
Clean Phase I, Surveys & Utility Agreements Complete
Creekside at Manitou Springs, Manitou Springs CO - Broker: Casey Thom, Tony Houchin
Price: $3,250,000
Prime location – High-demand resort area near Colorado Springs
$385K in improvements – Roads, signage, office, and unit upgrades
Strong occupancy – 80% with room for growth
Value-add potential – Utility recapture, rent increases, and site development
Kickapoo Village, Bethalto IL - Broker: Kolman Bubis, Zach Scheck
Price: $3,400,000 | # Sites: 89
89 Site MHC & RV Community with 91% Current Occupancy
Municipal Water & Sewer that is Submetered and billed based on Usage
Strong demand from long-term RV stays and MHC tenants working at the Wood River Oil Refinery, located 5 miles away, producing 200K barrels per day.
Additional demand generators include the St. Louis Regional Airport, Walmart, and various retail & restaurants.
Onsite manager in place, with below-market rental rates offering operational occupancy upside for a new owner.
Pine Ridge MHC, Seneca SC - Broker: Jeff Kozel, Robert McBroom
# Sites: 134
45 Acres | 55 Existing Sites and Fully Entitled for 134 Sites
Located Within Opportunity Zone Census Tract 307.01
Clean Phase 1, Surveys & Utility Agreements Complete
Located Near Major Employers
Less Than 20 Minutes from Clemson University
Permits in Hand for Phases 1 & 2 (69 sites)
Rio Grande Valley- Two Property Portfolio, McAllen TX - Broker: Casey Thom, Tony Houchin
Price: $8,320,000 | # Sites: 154
84.4% Current Occupancy
City Water & Sewer – Billed back to Residents
Palm City is a gated community - Baldwin located in a desirable area of McAllen
Scaled Entry into the market with operational efficiency of stabilized properties
1.3M population in MSA with growth fueled by economic drivers from Space X, International Trade, Manufacturing and infrastructure
Pine Hills MHP Development - Broker: Jeff Kozel, Robert McBroom
# Sites: 478 | 79 Acres
Shovel-Ready Project: 79-acre site in Lincoln, AL, fully entitled for up to 478 manufactured housing pads
Phased Plan: Targeting 350 pads over 2–3 phases—Phase 1 (125 pads), Phase 2 (110), Phase 3 (115)
Excellent Location: 35 miles from Birmingham, near major employers
City Utilities & Incentives: City water and sewer access, lift station and force main engineered, tap fee abatement (~$1,100/home), city to maintain sewer after 1 year
Community Features: Lot sizes 50’ x 120’, amenities include clubhouse/storm shelter, pool, playgrounds, dog parks, green space, private roads, curbside trash, direct utility billing
Ready to Build: Surveys, engineering, and entitlements completed, Phase 1 construction drawings finalized and out to bid, grading plan in place
Carlsbad 2 Park Portfolio, Carlsbad NM - Broker: Casey Thom, Tony Houchin
Price: $8,100,000 | # Sites: 130
High occupancy rate of 98.5% at both parks
Strategic location close to city center with close proximity to US Hwy 80, 62, & 285
All public utilities
Value-Add opportunity in recapturing water/sewer/trash expense
Below market rents
La Villa Hermosa, Corpus Christi TX - Broker: Casey Thom, Tony Houchin
# Sites: 288
Secure gated access
Street lighting throughout
Direct-billed public utilities
Planned on-site office/community center
Planned community playground
Lytle MHC, Lytle TX - Broker: Casey Thom, Tony Houchin
Price: $8,910,000 | # Sites: 106
Strategic Location: Interstate 35 frontage in the heart of Lytle, TX, with proximity to a regional shopping center.
Convenient Utility Billing: Streamlined process with direct billing for all utilities, reducing maintenance and management expenses.
Streamlined Property Maintenance: City provides quarterly bulk pick up.
High Occupancy Rate: Boasting 106 sites with an impressive 97% occupancy rate.
Growth Environment: Surrounded by development, including the expansion of single-family homes and commercial establishments.
Kansas 2 Park Portfolio - Broker: Daniel Simmons, Ross Torian, Jacob Anderson
Price: # 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
Rosewood MHP, Lumberton NC - Broker: Kolman Bubis, Zach Scheck, Jeff Kozel
Price: $4,710,000 | # Sites: 125
125 sites in Lumberton, North Carolina (Fayetteville MSA) – Robeson County
65% occupancy - opportunity to infill new homes to drive occupancy and improve the community
$450 per month average site rents – effective March 1
City water and sewer service - water, sewer and electric are direct billed while trash is billed back to the residents
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
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
COOPER CARDINAL
F & H Trailer Court & Motel, Winnemucca NV - Broker: Jack Cardinal
Price: $1,300,000 | # Sites: 34 | 3.27 Acres
Oasis Mobile Home Park, Indian Springs NV - Broker: Jack Cardinal
Price: $2,270,000 | # Sites: 40
Northview MH & RV Park, Washburn ND - Broker: Jack A. Cardinal
Price: $875,000
OTHER STREET
New!
Cedar Creek MHP, Plymouth NC - Broker: Enon Wrinkler
Price: $1,600,000 | # Sites: 52
52 total sites with 16 vacant lots provide immediate infill opportunity and long-term upside through gradual occupancy growth
Rents average just $312/month, leaving room for rental alignment to market comps projected at $412/month by Year 3
Water, electric, and trash are direct-billed to tenants, simplifying operations and maintaining a lean expense structure
Pro forma financials project cash-on-cash returns of 13.71% in Year 3 and an IRR of 28.52% in Year 5
Offered at $1,600,000 ($30,769 per site), the deal presents a low-cost basis in a supply-constrained market with clear levers for NOI expansion
Oak Lane MHP, Cannon Falls MN - Broker: Enon Wrinkler
Price: $2,150,000 | # Sites: 32
Immediate rental upside opportunity, rents currently below-market by ~$210/M compared to neighboring communities
Turnkey community with 100% occupied tenant-owned homes
Opportunity to achieve a total operating income of $313,601 by year five
Potential to achieve a cash-on-cash return of 13.98% over a five-year holding period
Opportunity to acquire a steady, bolt-on community for an existing Midwest operator
Jacksonville Florida Portfolio, Jacksonville FL - Broker: Enon Wrinkler
# Sites: 282
282 total sites across three mobile home communities and one RV park in Jacksonville, FL
Immediate scale in a high-growth Florida metro with limited affordable housing supply
Significant rental upside with current lot rents 20%+ below market averages
Teakwood MHP, located in an opportunity zone, is fully occupied and primed for operational growth
River City RV Park can be sold separately, provides rate-flexible RV income with pro forma rent growth above $840/month
Portfolio supported by strong in-place cash flow and modeled for 8–10% annual NOI growth
Multiple value-add levers including rent alignment, home conversions, and management efficiencies
Andrews Estates, Barron Lake and Rosebush Estates - Broker: Enon Wrinkler
Price: $3,000,000 | # Sites: 111
Immediate rental upside opportunity with rents below-market by ~$158/M compared to neighboring communities
Immediate infill upside opportunity with forty-one vacant lots ready to be filled
Opportunity to achieve a total operating income of $357,172 at Barron Lake and Rosebush with a cash-on-cash return of 16.23% over a five-year holding period and a year-five IRR of 20.16%
Opportunity to achieve a total operating income of $489,745 at Andrews Estates with a cash-on-cash return of 24.79% over a five-year holding period and a year-five IRR of 26.85%
Communities serviced by well water and a mix of municipal sewer and septic
Jackson & Sunset MH & RV Parks, Hondo TX - Broker: Enon Wrinkler
Price: $3,350,000 | # Sites: 108
Two quality communities in close proximity featuring direct billed public utilities Immediate infill upside opportunity with forty-one vacant lots to be filled
Opportunity to achieve a total operating income of $800,861 by year five
Potential to achieve a cash-on-cash return of 17.11% over a five-year holding period
12 homes are not included in the sale of the communities but are available for an additional price of $900,000. If unsold, the Seller will pay lot rent under a long-term lease agreement
Major MHP, Kingfisher OK - Broker: Enon Wrinkler
Price: $1,600,000 | # Sites: 62
Immediate rental upside opportunity, lot rents are currently below-market by ~$188/M compared to neighboring communities
Immediate infill upside opportunity with one remaining vacant lot and two vacant park-owned homes ready to be filled
Opportunity to achieve a total operating income of $389,795 by year five
Ability to achieve a cash-on-cash return of 33.69% over a five year holding period
Timber Ridge, Freeport IL - Broker: Enon Wrinkler
Price: $1,000,000 | # Sites: 47
Immediate 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
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
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
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 own, 5% interest only payments for five years
Immediate infill and turnaround opportunity, five homes can be repaired and sold and one vacant lot
NORTHMARQ
New!
Vista Del Monte MHP, Sanger CA - Broker: Jeff Benson, Sam Neumark, Robin Kane, Brendan Kane, Nick Audino, Nathan Prouty, Briana DeHaan
# Sites: 130
Proximity to Fresno: Sanger is just 13 miles east of Fresno, providing residents with easy access to major employment centers, healthcare, and higher education institutions.
Agricultural Hub: The region is a major producer of grapes, citrus, and other crops, supporting local jobs and related industries.
Steady Population Growth: Sanger’s population has grown consistently, with a diverse demographic mix and a significant proportion of families and seniors.
Affordable Cost of Living: Compared to larger California cities, Sanger offers a lower cost of living, making it attractive for retirees and working families.
Local Services and Retail: The city features a range of retail, dining, and healthcare options, with ongoing investment in infrastructure and community amenities.
Targhee Place, Alpine WY - Broker of Record: Melissa McKenzie
# Sites: 77
Rare, Irreplaceable, Class-A manufactured housing community located in Alpine, WY, within 45 minutes of Jackson, WY, which is ranked among the most expensive towns in the nation for real estate
According to the New York Times, Jackson ranked #2 in the 20 most expensive MSA’s in the country
Realtor.com’s median home list price for Jackson, WY is $3.3 million with home values trending upwards 13.8% year-over-year, while Alpine’s median home list price is $873,500
Targhee Place boasts 100% park owned homes comprising single-wides (built in 2006-2008) and two- and three-bedroom homes (built in 2016-2018)
The park is 99% occupied and is trending to 100% in the months to come
In early May, ownership increased rent on 7 renewals averaging a ±$186 increase per home with the most recent unit trading out at a $450 increase
Operations continue to trend upward month-over-month
Favorable Supply/Demand Imbalance: Alpine, Wyoming, experiences a significant imbalance in housing supply and demand, with limited inventory and high demand, particularly for rental units, which creates a perpetual demand for housing at Targhee Place
Alpine’s Rental Market Demand Drivers: the housing market in Alpine shows strong demand with limited inventory with only 76 homes listed driving high home values – the skyrocketing home prices have propelled the demand for rental housing and particularly, the single-family rental product
High Barriers to Entry: There is only one manufactured housing/multifamily community that is under construction within a 50-mile radius of Targhee Place, the Flats at Alpine Junction (partially completed) – the limited supply of new inventory continues to fuel rental demand at Targhee place
Despite high demand, Wyoming is considered one of the most challenging states to develop land creating a lack of housing inventory - several factors contribute to this, including significant federal land ownership, excessive regulations, rugged terrain, harsh climates, and limited infrastructure in many areas
Targhee Place offers residents breathtaking views of the Bridger- Teton and Caribou-Targhee National Forests and nestled at the convergence of the Greys River, Salt River, and Snake River, the setting provides tenants an abundance of outdoor recreational activities and amenities
53 rentable storage units are located onsite and are available for tenants to lease ranging from $175-$200 per storage unit per month
The park owned homes feature private parking spaces and majority of units have private covered patios
Capital Improvements: Current ownership invested nearly $500,000 in the summer of 2022 to reside all 41 single-wides and repaint the exterior of all 78 homes
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 vacant
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.
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 Homskyve 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
PARK BROKERAGE
New!
Prescott Gardens Mobile Home Park, Prescott AZ- Broker: John Sheedy
# Sites: 97
Buccaneer Bay Mobile Home Park, Lakeland FL - Broker: John Sheedy
# Sites: 54
Alisal Country Estates, Salinas CA - Broker: John Sheedy, George Waidelich
Price: $11,900,000 | # Sites: 82
NAIOHB
Lake Weir Pines Mobile Home Park, Ocklawaha FL - Broker: Maria Piper, Bob Kaplan
Price: $3,100,000 | # Sites: 26
Prime Location: Near The Villages and key recreational hubs in Marion County, FL.
Rent Increase Potential: Tenants are on month-to-month leases, allowing for rent adjustments.
Recent Upgrades: New septic tank, drain field, and skirting have been installed, along with recently renovated unit interiors.
Stable Cash Flow: Approximately 95% occupancy with long-term tenants.
Upside Opportunity: Increased rent potential and operational improvements
BERKADIA
New!
Buffalo, NY MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 193
BUFFALO PREDICTED TO BE THE #1 HOUSING MARKET IN 2025 – Zillow
EAST AURORA – STRONG HOUSING MARKET
ATTRACTIVE ASSET PORTFOLIO
HIGH OCCUPANCY AT 3 OF THE 4 PARKS
LOW NUMBER OF PARK OWNED HOMES
BELOW MARKET LOT RENTS
SCALE INTO MARKET
Central FL 55+ Community - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 109
BELOW MARKET RENTS
55+ AGE RESTRICTED COMMUNITY
ATTRACTIVE ASSUMABLE DEBT TERMS 3.99% INTEREST RATE
STRATEGICALLY LOCATED ALONG I-4 CORRIDOR
CLOSE PROXIMITY TO DAYTONA BEACH AND ORLANDO MS
Columbus, OH MSA MHC, Marengo OH - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 403
4 Properties
Southeast PA MH & RV Park, Hamburg PA - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 415
NE Ohio 5-Star MH Retirement Community, Dover OH - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 150
FIVE STAR 55+ RETIREMENT COMMUNITY
100% OCCUPIED WITH NO DELINQUENCY
ALL RESIDENT OWNED HOMES
DIRECT BILLED PUBLIC UTILITIES
CITY MAINTAINED ROADS
BELOW MARKET RENTS
ATTRACTIVE ASSUMABLE DEBT
WELL MAINTAINED COMMUNITY WITH EXCELLENT CURB APPEAL
ON-SITE AMENITIES INCLUDING CLUBHOUSE, BANQUET HALL,
POOL, FITNESS CENTER & MOREPROXIMITY TO CANTON & AKRON
SITUATED NEAR I-77
The Fairfax Communities MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 1003
8 Properties
Michigan-Wyoming MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 400
Sacramento Valley MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 112
3 Properties
Pheasant Run MHC, St. Louis Metro - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummellfairfax
Price: $3,350,000 | # Sites: 121
Lakewood Village & Grandview Village, Grove OK - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 178
PRIME LOCATION WITH REGIONAL ACCESSIBILITY AND EXCLUSIVE CASINO ACCESS
IMPOSSIBLE-TO-REPLICATE LAKEFRONT LOCATION IN A HIGH-GROWTH MARKET
DIVERSE TENANT BASE WITH HIGH STABILITY
CONSISTENT YEAR-OVER-YEAR RENT GROWTH WITH STRONG DAY-ONE RETURNS
ASSUMABLE LOAN WITH FAVORABLE TERM
Florida Panhandle MHC, Panama City FL - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 400
ENTRY INTO PANAMA CITY METRO
UPSIDE IN FILLING VACANT SITES
BELOW MARKET RENTS
PUBLIC WATER & SEWER
WELL MAINTAINED COMMUNITY
FEATURES VARIETY OF LOT SIZES
Michigan-Wyoming MHC Portfolio - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 400
PUBLIC UTILITIES BILLED BACK TO RESIDENTS
BELOW MARKET RENTS
STABILIZED OCCUPANCY AT 4 COMMUNITIES
VACANCY UPSIDE AT BROOKHAVEN
RECENT CAPITAL IMPROVEMENTS
Marion MHC, Marion IL - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 130
PUBLIC UTILITIES
UPSIDE IN-FILLING VACANT HOMES
NEW HOME INVENTORY
LOCATED IN CARBONDALE-MARION METRO
WELL MAINTAINED
Philadelphia MHC, Trainer PA - Broker: Ian Hilpl, Hunter Larocca, Kevan Enger, Brian Hummell
# Sites: 85berkadi
NMHC GROUP
Price: $1,750,000 | # Sites: 61
Southeast Pennsylvania, Southeast PA
# Sites: 150
Sunset Mobile Home Community, Bennington - VT
Price: $250,000 | # Sites: 13
Carol Lynn Resorts Campground, Woodbine NJ
# Sites: 239
Price: $899,5000 | # Sites: 126
SKYVIEW ADVISORS
# of Sites: 1,010
8 Communities
872 POH ($50m+ Value)
Third-Party Monthly Landscaping
Bi-Monthly Home Inspections, Repairs, and Pest Control
92% Global Occupancy
Ease Of Operations – Ability To Drive All Parks In One Day
Waiting List At Multiple Communities
All New Paved Roads
Suburban North & South – Albany, GA
# of Sites: 169 | 46.42 Acres
Albany Is Home to a Strong Rental Market, Over 50% Renter-Occupied
Common Management and Maintenance, 2 Miles Apart
POH Rentals Predominantly ’22 or Newer Models
Direct Billed, City Utilities
Assumable Debt on POH Loan
# of Sites: 112
Situated in One of the Fastest-Growing Metro Areas in the U.S., This Portfolio Benefits From Strong Demand, Population Growth, and a Deep Employment Base
Current Lot Rents Are Well Below Market in a High Rent Growth Environment, Offering Immediate Value-Add Potential Without Major CapEx
All Communities Are on Public Water and Sewer, Reducing Operational Risk and Increasing Long-Term Desirability for Institutional Ownership
CRI COMMERCIAL
Shady Glen Estates, Colfax CA - Broker: Dylan Brazil, Amir Cackovicor
Price: $12,500,000 | Cap Rate: 5.91% | # Sites: 117 | 28.82 Acres
Prime Senior MHP Investment – 117 sites on 28.82 acres in Colfax, CA
Strong Financials – $12,500,000 sale price | 5.90% Year 1 Cap Rate | 8.24% Proforma Cap Rate
Additional Income Streams – Includes RV storage & commercial office
Stable Ground Lease – $22,500/yr with 3% annual increases (20-year term + renewal options)
Infrastructure & Upside – Transitioning to city water with future city sewer connection
Remodeled Amenities – Clubhouse, laundry facility, & office
AVINE REAL ESTATE
New!
Antelope Creek MHP, Los Molinos CA - Broker: Tim Ryan, Jason Lippe
Price: $1,750,000 | Price per Site: $32,407 | # Sites: 54 | 12.39 Acres
Price per Site – Offered for $32,407 per site, 38% lower than the comparable set average of $52,675.
In-Fill Opportunity – 20 vacant lots present the opportunity for the new owner to increase occupancy by in-fill.
Tenant Owned Homes – All 32 occupied manufactured homes and permanent RVs are tenant owned, reducing landlord maintenance responsibilities. There are 2 vacant park owned homes, 1 currently listed for sale.
Quality – Scenic location on the Sacramento River with well- maintained homes and grounds that demonstrate pride of ownership.
Utilities – Electricity and propane are billed direct to the residents. Water is provided by a private well and waste treatment is handled by a private septic system. Approx. 6 of the existing residents are billed flat rates for septic and trash.
Excess Land – Several acres of excess land that are currently used for recreation and +/- 10 RV storage sites.
Sites – HCD permitted for 40 MH sites and 13 RV sites.
PATH Program – Registered for Tehama County’s PATH Program to bring in up to 15 gov’t. subsidized tiny homes.
Buckhorn MHP, Pioneer CA - Broker: Tim Ryan, Jason Lippe
Price: $2,000,000 | Price per Site: $41,667 | # Sites: 48 | 6.21 Acres
Price Per Site –Offered for $41,667 per site, 39% lower than the comparable set average of $68,265.
In-Fill Opportunity – 18 vacant lots present the opportunity for the new owner to increase occupancy by infill.
Below Market Rents – Average in-place rents of $650 per month, 15% lower than the comparable set average of $773.
Utilities & Potential Billback – Only a few newer tenants are currently being billed for water and septic. There is potential for new owner to bill back tenants for the utility usage.
Tenant Owned Homes – All occupied MH and permanent RV are tenant-owned, reducing landlord maintenance responsibilities.
Spaces – All sites are permitted for manufactured homes. There are currently some sites occupied by permanent RVs.
Opportunity Zone – Property is located in an opportunity zone.
Location – Located within walking distance of multiple commercial businesses in Pioneer, CA; a 20 minute drive from Jackson, CA for major services and employment; and less than an hour and a half from Sacramento, the state’s capital.
Ridgewood MHP Development, Paradise CA - Broker: Tim Ryan, Jason Lippe
Price: $1,390,000 | Price per Site: $13,900 | # Sites: 100 | 15.85 Acres
Seller Financing – Attractive seller financing is available for qualified borrowers (30% Down, 5% I/O, 3-year term).
Scale – 100 spaces allow for economies of scale in development and operations once complete.
Sites – Over 90% of the spaces are large enough for a doublewide MH with the remainder able to fit a singlewide.
Attractive Pricing – Ridgewood MHP is being offered for $13,900 per pad, 25% less than similar development sites which have traded for an average of $18,485 per pad.
Rent Comps – Comparable manufactured home communities in Paradise are earning monthly space rents averaging $612.
Location – Within 10 minutes of major retail and services, 30 minutes of Chico, CA and 90 minutes of Sacramento, CA.
Bel Air MHP, Hanford CA - Broker: Tim Ryan
Price: $4,950,000 | Price per Site: $72,794 | # Sites: 68 | Cap Rate: 5.64% | 6.42 Acres
Utility Billbacks – The landlord currently pays for water ($12.8K), sewer ($18.7K), and trash ($7.9K). There is potential for new owner to submeter for water and billback for sewer and trash providing significant upside.
Tenant-Owned Homes – All 38 mobile homes and 26 RVs are tenant owned, reducing landlord maintenance responsibilities.
MH Sites – All 68 sites are permitted for mobile homes, providing an opportunity to convert existing RVs for more stable income. There are four vacant sites available for infill with mobile homes or RVs.
Rents – Below market rents, opportunity to increase to market.
Onsite Management – Onsite manager resides in a double-wide home, receiving a site rent credit plus annual pay of $32,540.
Infrastructure – The roads were recently resealed, and the electric and gas infrastructure was upgraded in 2021 to support direct billing.
Prime Location & Local Amenities – Less than 5 minutes from downtown Hanford, the park is conveniently near Hanford Mall, featuring 70+ stores and restaurants. Additional major retailers and dining options within a 2- mile radius include Costco, Walmart, The Home Depot, Target, In-N-Out, Big 5 Sporting Goods, PetSmart, Lowes and more.
Blue Spruce Mobile Estates Development, Paradise CA - Broker: Tim Ryan & Jason Lippe
Price: $650,000 | Price per Site: $20,312 | # Sites: 32 | 3.8 Acres
Age Restricted
Lassen County MH & RV Portfolio, Westwood CA - Broker: Tim Ryan
Price: $3,990,000
Grass Valley MHV, Grass Valley CA - Broker: Tim Ryan
Price: $10,200,000 | Price per Site: $97,143 | # Sites: 105 | 17.95 Acres
Loan Assumption Available – Assumable agency loan of $4,681,000, Interest Rate 4.11%, Due in 2035 (5 yrs. I/O, 5 yrs. P/I).
Cash on Cash (2025) – Projected 6.74% cash-on-cash return for 2025.
Below Market Rents – Market space rent is $1,036, while Grass Valley MHV average rent will increase to $906/month in April 2025
Utilities – Each tenant has sub-metered water, electric, and gas.
Spaces – All spaces can accommodate a mobile home; there are currently 10 RV’s occupying MH spaces on the property.
Location – 9 minutes from Downtown Grass Valley, 12 minutes from Nevada City, 1 hour from Sacramento, 1.5 hours from Lake Tahoe!