MHC Listings Rundown 07/10/2024 (2024)

Listings Rundown - Summary Updates

  1. Wisely Commercial - Added 1 listing.

  2. Marcus & Millichap - Added 2 | Removed 6 listings.

  3. Yale - Added 1 listing.

  4. CBRE - Added 1 listing.

  5. Sunstone - Added 1 listing.

  6. Other Street - Removed 3 listings.

COLLIERS

  • 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

  • Portfolio of 5 Mobile Homes, Garden City ID - Broker: Aaron Flynn, Bryant Jones

    Price: $325,000 | 0.38 Acres

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

New!

  • West C Street, Torrington WY - Broker: Adam McNeil

    Price: $375,000 | Price per Site: $46,875 | Cap Rate: 8.88% | # Sites: 8

    • All Rental Community

    • City Water & City Sewer, Direct Billed

    • Management In-Place

  • 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

  • Country Square Estates, Columbia City IN - Broker: Adam McNeil

    Price: $699,000 | Price per Site: $19,971 | Cap Rate: 8.14% & 15.03% | # Sites: 35 | 7.5 Acres

    • Stable Community with Opportunity to Raise Rents

    • City Water & City Sewer, that is direct billed to residents by the municipality.

    • Opportunity to Fill Vacant Sites & Inventory Homes

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MARCUS & MILLICHAP

New!

  • 30 MHC Portfolio - North Carolina, Morganton NC - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # of Sites: 7.04 | 50 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • 30 MHC Portfolio - Indiana, Churubusco, IN - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # of Sites: 70 | 7.34 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • Midland County Mobile Home & RV Park, Midland TX - Broker: Skyler Henderson, Brad Dorsey

    Price: $1,300,000 | Price per Site: $38,235 | # of Sites: 34 | Cap Rate: 10.93% | 31.22 Acres

    • Appraised for $1.65 Million on April 22, 2024

    • Open to Seller Finance

    • Management Willing to Stay Onboard

    • Approximately 20 Acres Available for Expansion

    • Located 16.5 Miles from Midland International Airport

    • Third Party Appraisal and Property Inspection Completed

    • Environmental Study Currently in Progress

  • Kremmling Mobile Home Park, Kremmling CO - Broker: Barry Higgins

    Price: $1,800,000 | Cap Rate: 6.49% | 0.77 Acres

    • Extreme Lack of Affordable Housing in Kremmling/Steamboat MSA

    • Several tenants Commute 52 Miles to Steamboat Resort (Top 3 Resort in CO)

    • Median Home Price in Steamboat Springs Exceeds $1.1 Million (Realtor.com)

    • Kremling Falls About Halfway Between Summitt County and Steamboat Springs

    • 19 Tenant-Owned Homes, 1 Park-Owned Home

    • All Public Utilities, Directly Billed to Tenants

    • Immediate Upside in Rents

    • Kremmling is a Year-Round Tourism Mecca for Hunting and Fishing

  • Mountain View Park, Santa Paula CA - Broker: Rick Gordon, Dustin B. Wilmer

    Price: $3,395,000 | Price per Site: $73,804 | Cap Rate: 4.85% | # Sites: 46 | 8.85 Acres

    • 46 HCD Permitted MH Sites | First Time On-Market in Over 40 Years

    • 100% Occupied | 100% TOH's

    • City Water & City Sewer

    • Direct-Billed G&E | Utility Upgrade Program Complete

    • Rare Opportunity to Own in Ventura County

  • 3-Park Utah Portfolio, Tremonton UT - Broker of Record: Adam Lewis

    Price: $6,425,000 | Price per Site: $94,485 | Cap Rate: 5.20% | # Sites: 68 | 5.52 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

  • Silsbee Mobile Home Park, Silsbee TX - Broker: David Tietz, Hudson Silverman, Matt Wagner

    Price: $1,400,000 | Cap Rate: 9.86% | 3.00 Acres

    • Tenants Directly Billed All Utilities

    • 20% Below Market Rents

    • All Park Owned Homes

    • Fully Occupied with a Waitlist

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    12 Park Portfolio - FL, Monticello FL - Broker: Glenn D. Esterson

    Price: $2,700,000 | Price per Site: $4,963 | Cap Rate: 10.00% | # Sites: 544 | 2.72 Acres

    • Value-Add Cash Flowing Portfolio

    • MSA's With Strong Demand for Affordable Housing

    • POH To TOH Conversion Opportunity

  • Mountain Shadows MHP, Globe AZ - Broker: Dustin B. Wilmer, Douglas A. Danny

    Price: $700,000 | Price per Site: $43,750 | Cap Rate: 11.41% | # Sites: 16 | 7.37 Acres

    • 16 MH Sites | 8 POH

    • City Water & Septic Served

    • Direct-Billed G&E

    • Seller Financing Available for Qualified Investors

  • Mid Town Mobile Terrace, Salinas CA - Broker: Andrew Whinery

    Price: $9,000,000 | Price per Site: $112,500 | Cap Rate: 6.17% | # Sites: 80 | 13.07 Acres

    • Rare Monterey County manufactured housing community asset

    • Historically high occupancy

    • Population is 165,000 within a 5-mile radius of the property

    • Serviced by city water and sewer services

    • All tenant-owned homes

    • Urban in-fill location

    • The property is 20 miles to Monterey, 24 miles to Pebble Beach, and 70 miles to the center of Silicon Valley

    • Average household income of $87,000 within 5-mile radius of the property

  • Alexis Place MHP, Semmes AL - Broker of Record: Eddie Greenhalgh

    # Sites: 103 | 16.40 Acres

    • Turn-Key Stabilized Asset

    • 92% Occupancy

    • Strong Demand for Affordable Housing

  • 21444 Vista Caballero, Perris CA - Broker: Jon Emrani

    Price: $399,000 | Price per Site: $199,500 | Cap Rate: 10.01% | # Sites: 2 | 4.88 Acres

    • Proforma 10% Cap Rate and 7.40 GRM

    • Front Mobile Home Measures Approximately 24' x 60' = 1,440 s. f.

    • Back Mobile Home Measures Approximately 12' x 48' = 576 s. f.

    • New 1 bedroom 408 s. f. with HCD permit

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  • Buena Vista Mobile Home Park, Lamont CA - Broker: Dustin B. Wilmer, Douglas A. Danny

    Price: $4,000,000 | Price per Site: $66,667 | Cap Rate: 4.81% | # Sites: 60 | 10.79 Acres

    • 59 Permitted MH Sites | 1 Apartment | Laundry Room

    • 3.2M of Assumable Debt at 4.5% Interest Due in 2034

    • City Water & Sewer | Sub-Metered Electric, Gas, and Water

    • Historically 100% Occupied

    • Below Market Rents | No MHP Rent Stabilization Ordinance

  • Mid-City Mobile Home Park, Bell Gardens CA - Broker: Dustin B. Wilmer, Douglas A. Danny

    Price: $2,060,000 | Price per Site: $68,667 | Cap Rate: 7.30% | # Sites: 30 | 27.52 Acres

    • 25 MH Sites | 5 Apartments

    • 100% Occupied

    • City Water & Sewer

  • Bell Gardens Trailer Park, Bell Gardens CA - Broker: Dustin B. Wilmer, Douglas A. Danny

    Price: $1,440,000 | Price per Site: $68,571 | Cap Rate: 6.06% | # Sites: 21 | 30.00 Acres

    • Available as a Portfolio with Mid-City MHP

    • 20 MH Sites | 1 Apartment 100% Occupancy

    • City Water & Sewer

  • Fayetteville Hwy MHP, Belfast TN - Broker: Patrick Cosgrove, Daniel Cosgrove

    Price: $1,950,000 | Cap Rate: 11.03% | 33.52 Acres

    • The Fayetteville MHP includes 22 weekly rentals and 8 monthly rentals.

    • This property is located 7 minutes to Lewisburg industrial park. Marshall county is home to a strong industrial base, including companies such as Marelli, Meiwa Corp., and Walker Die Casting. Marshall

    • The seller has added two new 5000 gallon holding tanks for water. In addition, the property has two new water wells, bringing the total to five wells. The seller provides tenants with the first $150

  • Von Ormy Mobile Home Park, Von Ormy TX - Broker: Hudson Silverman, Matt Wagner

    Price: $1,418,000 | Cap Rate: 7.83% | 5.74 Acres

    • 3 Acres of Expansion Land Included

    • 100% Occupied

    • Recently Renovated Mobile Homes

    • Twenty Minutes from Downtown San Antonio

  • 10770 Katella Ave, Garden Grove CA - Broker: Jonathon McClellan, Tyler Leeson, Matthew J. Kipp, Matthew D. Wenzel

    Price: $10,000,000 | Price per Site: $250,000 | Cap Rate: 1.00% | # Sites: 40 | 9.32 Acres

    • ±4.29 Acre Redevelopment Site in a High-Profile Garden Grove Location

    • Located One Mile to the West of Disneyland and the Anaheim Convention Center

    • Existing Use is a 40-Space Mobile Home Park on a Ground Lease Expiring in 2030

    • Zoning is Neighborhood Mixed-Use (NMU) Allowing up to 24 du/acre

    • General Plan Land Use Designation is Residential/Commercial Mixed-Use 2 (RC-2)

    • Rare Development Opportunity in a Severely Supply-Restricted Market

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  • The Flamingo MHC, Pocatello ID - Broker of Record: Adam Lewis

    Price: $12,870,000 | Price per Site: $78,476 | Cap Rate: 5.50% | # Sites: 164 | 6.98 Acres

    • Unique chance to secure ownership of an all-age manufactured housing community in the picturesque surroundings of Pocatello, Idaho.

    • Featuring 164 well-maintained sites with a high occupancy rate of 97%, plus an additional 70 storage units offering a stable and reliable investment opportunity

    • Pocatello, Idaho, earned the notable position of 43rd in the Fortune 50 Best Places to Live list.

  • Owen Drive MHP, Fayetteville TN - Broker: Trey Finison, Patrick Cosgrove, Daniel Cosgrove

    Price: $645,000 | Price per Site: $53,750 | Cap Rate: 8.03% | # Sites: 12 | 2.01 Acres

    • Units between 1998 and 2003 vintage or newer

    • Individually metered for water and electric

    • 4 undeveloped acres for expansion on the same property

  • 1735 N Rancho Dr, Las Vegas NV - Broker: Drew Holden, Dustin B. Wilmer

    Price: $3,090,000 | Price per Site: $154,500 | Cap Rate: 5.99% | # Sites: 20 | 21.28 Acres

    • 14 MH Sites comprised of 5 Tenant- Owned Homes and 9 Brand New Park- Owned Manufactured Homes

    • 6 Multi-Family Units with 1 Bedroom Floor Plans

    • Within 0.5-Mile of a 73 Acre Mixed-Use Redevelopment

    • 100 % Occupied

    • City Water & City Sewer

    • Direct-Billed Electricity

    • Water, Sewer, & Trash Included in Rent

  • The Little Mobile Home Park, Kingston OK - Broker: Skyler Henderson, Brad Dorsey

    Price: $1,725,000 | Price per Site: 30,263 | Cap Rate: 9.99% | # Sites: 57 | 5.18 Acres

    • Operates on City Water and Sewer

    • Located in an Opportunity Zone

    • Halfway Point Between Dallas and Oklahoma City

    • 6 Miles from Chickasaw Golf Course and West Bay Casino

    • 10 Minutes from the Hard Rock Hotel Development Project Which is Expected to Create Over 9,000 Jobs

  • Greystone MHP, Nashville TN - Broker: Patrick Cosgrove, Daniel Cosgrove

    # Sites: 22 | 14.57 Acres

    • This 22-unit MHP is located approximately 10 minutes from downtown and 8 minutes to the airport.

    • This MHP is on city water, city sewer, and city electric. The parking lot is paved.

    • It is in the heart of the industrial district of Nashville, where the need for affordable housing is a necessity.

  • 19 Wells Mobile Home Park, Sinton TX - Broker: Myles Nagy, Hudson Silverman, Matt Wagner

    Price: $900,000 | Price per Site: $47,368 | Cap Rate: 8.63% | # Sites: 19 | 5.54 Acres

    • Stabilized Asset

    • Utility Recapture

    • Minimal Management Required

    • High Returns Day 1

    • $500,000 Of Rental Credits Receivable

  • Skylark Mobile Home Community, Fallbrook CA - Broker: Dustin B. Wilmer, Douglas A. Danny

    Price: $5,800,000 | Price per Site: $131,818 | Cap Rate: 5.20% | # Sites: 44 | 15.33 Acres

    • 44 Site MHC in San Diego County

    • City Water & Sewer

    • Direct Billed Gas & Electric | Utility Upgrade Program Recently Completed

    • 100% TOH's | 100% Occupied.

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  • 30 MHC Portfolio - South Carolina, Rock Hill SC - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.,

    # Sites: 130 | 70.00 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • 30 MHC Portfolio - Kentucky, Shepherdsville KY - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # Sites: 560 | 14.00 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • 30 MHC Portfolio - Louisiana, Lake Charles LA - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.,

    # Sites: 1,108 | 60.00 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • 30 MHC Portfolio - Georgia, Ellenwood GA - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.,

    # Sites: 189 | 20.00 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

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  • 30 MHC Portfolio - Ohio, Oregonia OH - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.,

    # Sites: 74 | 10.00 Acres

    • The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

    • The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, and enhancing the overall investment's stability and potential for growth.

    • With an 81% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy.

  • Greyson Grove MHP, Rocky Mount NC - Broker: Glenn D. Esterson

    Price: $4,250,000 | Price per Site: $55,921 | Cap Rate: 5.60% | # Sites: 76 | 5.07 Acres

    • Turn-Key Stabilized Asset

    • 91% Occupancy

    • Strong Demand for Affordable Housing

  • Prairie Knolls, Jacksonville IL - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # Sites: 164 | 3.17 Acres

    • All of the communities receive public water and sewer.

    • Among the 195 homes owned by the park, with an average year of 2015, approximately 75%, or 147 units, were built in 2018 or later.

    • All 4 communities are situated within a 15-minute drive of each other.

  • Maple Creek MHP, Woodson IL - Broker: Glenn D. Esterson, Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # Sites: 33 | 5.08 Acres

    • All of the communities receive public water and sewer.

    • Among the 195 homes owned by the park, with an average year of 2015, approximately 75%, or 147 units, were built in 2018 or later.

    • All 4 communities are situated within a 15-minute drive of each other.

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  • Country Aire, Lake Charles LA - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    31.96 Acres

    • Country Aire Mobile Home Park is Ideally Situated in Lake Charles, Louisiana, Offering a Mix of Tranquility and Convenience to Residents

    • The Park offers a Value-Add Opportunity through the Optimization of Operational Efficiencies, Potential Rent Increases, and Further Development or Upgrade of the Site and Homes

    • With Established Utilities that are Directly Billed to Tenants, the Park Ensures Operational Efficiency and Cost Recovery

  • Forest Hollow, Beaumont TX - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    # Sites: 160 | 45.63 Acres

  • Robbins Mobile Village, Waterford Township MI - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    Price: $6,550,000 | Price per Site: $46,454 | Cap Rate: 6.50% | # Sites: 141 | 6.37 Acres

    • Situated in Waterford Township, Michigan, Robbins Mobile Village comprises 141 Sites, with a 73 Percent Occupancy Rate.

    • The Community Enjoys a Convenient Location Near the 59 Freeway and Telegraph Road, Ensuring Residents have an Effortless Commute to Downtown Detroit, Situated just 30 Minutes South of the Community

    • Robbins Mobile Village Offers its Residents the Convenience of Sub-Metered Public Water and Sewer Services.

  • Mobile Grove, Conneaut OH - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    Price: $6,640,000 | Price per Site: $48,467 | Cap Rate: 6.00% | # Sites: 137 | 8.16 Acres

    • Situated in Conneaut, Ohio, Mobile Grove comprises 137 sites plus 72 storages, with a 69 percent occupancy rate.

    • Given 31% infill opportunity, a new investor can initiate a robust sales program to fill the vacant lots.

    • Mobile Grove offers its residents public water and sewer services, that are billed back.

    • The community enjoys an excellent location, being that it's situation about halfway between Erie, PA and the Cleveland, OH eastern suburbs. Also, the community is only a 5-minute drive of the shores of Lake Erie.

    • The market demands homes sales given there are only 16 POH throughout the community.

  • Leisure Village, Leeds NY - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    Price: $4,500,000 | Price per Site: $59,211 | Cap Rate: 5.21% | # Sites: 74 | 3.71 Acres

    • Features 76 Sites with a Substantial 86 Percent Occupancy, Reflecting its Popularity and Appeal as a Residential Choice

    • Located in the Hudson River Valley, which is a Scenic Region in the State of New York, Extending Along the Hudson River and Just North of New York City

    • Public Water that is Sub-Metered and Private Sewer

    • The Surrounding Area of the Hudson River Valley Boasts a Population Exceeding 975,000 Within a 40-mile Radius.

  • Congaree MH Village, West Columbia SC - Broker: Dylan Hellberg, Glenn D. Esterson

    Price: $800,000 | Price per Site: $26,667 | Cap Rate: 6.40% | # Sites: 30 | 6.73 Acres

    • Public Water – Metron Submeters Recently Installed

    • Below Market Rents

    • MSA Population of 825,000

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  • Cleveland MHC, Richland MS - Broker: Jonathon McClellan, Kyle Baskin, Connor Outcalt, Michael DiCillo Jr.

    Price: $1,938,000 | Price per Site: $14,682 | Cap Rate: 5.00% | # Sites: 132 | 5.89 Acres

    • Showcases an Attractive Mixed-Use Community Featuring 122 Manufactured Home (MH) Sites Alongside 10 Recreational Vehicle (RV) Spaces, Positioned in the Desirable Locale of Richland

    • Equipped with Public Water and Sewer Services, the Costs of Which are Recouped Through Billing Back to the Residents

    • Presents a Unique Investment Opportunity to Procure Brand New Homes for Immediate in-fill, Enhancing the Community's Value and Appeal.

  • 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.

  • 12 Park Portfolio - GA, Thomasville GA - Broker: Glenn D. Esterson

    Price: $29,300,000 | Price per Site: $53,860 | Cap Rate: 10.00% | # Sites: 544 | 200.0 Acres

    • Value-Add Cash Flowing Portfolio

    • MSA's With Strong Demand for Affordable Housing

    • POH To TOH Conversion Opportunity

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YALE

New!

  • 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

  • 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

  • 2 - MHC Portfolio, Lake Isabella & Apple Valley, CA - Broker: Dan Cook

    Price: $12,800,000 | Price per Site: $60,500 - $90,750 | Cap Rate: 4.80% | # Sites: 100-125 | 15-20 Acres

    • No Rent Control: Allows for strategic rent increases without restrictions

    • 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

  • 5-MHC Portfolio, Rawlins & Saratoga WY - Broker: Brian McDonald

    Price: $18,500,000 | Price per Site: $50,650 - $61,900 | Cap Rate: 7.24% | # 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

  • 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, Kisssimmee - Sebring FL Region - Broker: James Cook

    Price: $40,000,000 | Price per Site: $114,300 - $133,350 | Cap Rate: 4.56% | # Sites: 300 - 350 | 80 Acres

    • 55+ MHC, built in the mid 1980’s

    • 98% modern DW inventory

    • Rents are 30% below market, as is custom with family-owned MHC’s

    • All PVC utility lines serviced by a WWTP and Well — Significant land for additional amenities

  • Southwest Missouri MHC, Upper Midwest - Broker: Ken Schefler

    Price: $7,500,000 | Cap Rate: 9.09% | # Sites: 150

    • 97% occupied.

    • + Strong Day 1 Cash flow

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  • Upper Midwest MHC Portfolio - Broker: Ken Schefler

    # Sites: 1000

    • Strong Concentration Around Single MSA

  • MHC Portfolio, Upper Midwest - Broker: Ken Schefler

    Price: $30,000,000 | # Sites: 500+

  • Senior Lakefront FL MHC, Orlando - Lake County FL - Broker: James Cook

    Price: $8,400,000 | Price per Site: $67,200 - $84,000 | Cap Rate: 6.56% | # Sites: 100-125 | 10 Acres

    • 55+ Lakefront MHC In a rapidly growing area

    • Heart of Town location, walk to city parks, activities, and businesses.

    • All Municipal Utilities

    • Next Door to the Public Boat Ramp

    • 10% Rent Room and 15%+ Lease-up Opportunity

  • WV 2-MHC Portfolio - South Central WV - Broker: 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.

  • Eastern South Dakota MHP, Eastern South Dakota - Broker: Ken Schefler

    Price: $3,190,000 | Price per Site: $18,350 - $27,500 | Cap Rate: 7.54% | # Sites: 125 | 15 Acres

    • Institutional Scale – There are 125± sites in the community, allowing for a path to agency debt

    • Market Growth – Harris Machine Company, a machining and welding company supplying parts to Terex, John Deere, and Caterpillar, just opened a new factory in 2024 less than 1 mile from the community

    • Value Add Opportunity – Light value add opportunity includes increasing rents (currently $50 below market) and billing back for water, sewer, and trash. Heavier value adds opportunities include selling 9 vacant homes and infilling 19 vacant sites.

    • Strong Infrastructure – Municipal water and sewer

  • NE South Dakota MHP - Broker: Ken Schefler

    Price: $7,925,000 | Price per Site: $39,050 - $54,650 | Cap Rate: 6.55% | # Sites: 150

    • Institutional Scale – Over 100 sites in a metro with $250k home prices demonstrating a need for affordable housing.

    • Strong Day 1 Cashflow – The community is 89% occupied, with 70% of tenants being TOH. There is also self-storage on site that generates additional income.

    • Value Add Opportunity – 15 vacancies and 22 rental homes allow for upside without the headaches of a large turnaround project, and median incomes support the conversion to TOHs.

    • Strong Infrastructure – Municipal water, sewer, and trash, paid by the community with upside to start billing back. Electric and gas billed directly to tenants.

  • Western Iowa MHC, Omaha, NE - Des Moines, IA MSA - Broker: Ken Schefler

    Price: $1,650,000 | Price per Site: $38,750 - $51,650 | Cap Rate: 5.99% | # Sites: 75-100 | 5 Acres

    • Value Add Opportunity – Incredible value add potential with huge 5-year returns, including 19% cash on cash and 22% IRR.

    • Strong Infrastructure – Water and Sewer are municipal and direct bill. Roads are recently repaved.

    • Centrally Located – Less than 1 hour from Omaha, NE. A little over an hour from Des Moines, IA.

    • Easy Bolt On – Strong manager on site who can take on more properties for groups with communities in Eastern IA

  • 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

  • 3-MHC Portfolio, South Bend, IN - Kalamazoo, MI Region - Broker: James McCaughan

    Price: $11,000,000 | Price per Site: $33,550 - $39,650 | Cap Rate: 6.27% | # Sites: 300 | 170 Acres

    • High-quality MHCs located in some of the strongest markets in the Midwest with positive economic and demographic trends to support housing demand

    • Opportunity to increase asset values through active management, lease-up, and rent increases

    • Each property includes room to approximately double site count

    • Seller willing to consider holding note with terms preferable to projected third-party financing

  • MHC, Eastern PA - Broker: Harrison Bell

    Price: $7,800,000 | Price per Site: $50,350 - $75,500 | Cap Rate: 6.11% | # Sites: 125 | 150 Acres

    • Agency Quality Community

    • 20% Below Market Rents

    • 90% Tenant Owned Homes

    • 15% Vacancy in Market with Less than 5% Vacancy

  • MHC Ohama-Council Bluffs, MSA - Broker: Ken Schefler

    Price: $3,800,000 | Price per Site: $50,650 - $76,000 | Cap Rate: 9.87% | # Sites: 50-75 | 30+ Acres

    • Over 15% cash on cash in year one

    • Unique situation where path to bank financing with $3M in proceeds is already lined up.

    • Stabilized with 96% occupancy.

    • Only 30 minutes from downtown Omaha.

  • Pennsylvania 4-MHC Portfolio, PA - Broker: Harrison Bell

    Price: $18,550,000 | Price per Site: $60,300 - $72,350 | Cap Rate: 6.46% | # Sites: 250-300

    • High-Quality, Agency Financeable Portfolio

    • Three Communities Within 30 Minutes

    • ~15% Vacancy Upside

    • Over 90% Tenant Owned Homes

    • Recent CapEx for Roads

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  • Trophy Senior Florida MHC, Lake Placid – Lake Wales FL - Broker: James Cook

    Price: $6,400,000 | Price per Site: $50,000 - $83,350 | Cap Rate: 4.76% | # Sites: 75-125

    • Trophy 55+ MH Community in Central FL

    • All Public Utilities, Direct Metered, and dedicated incl. Streets

    • Very Strong Resales - $100-200k on avg

    • CPI Leases with Go-to-Market on Turnover

    • Every site has a Doublewide unit, with Carport.

  • 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+

  • Trophy MHC Portfolio - Broker: Harrison Bell

    # Sites: 350 - 400

    • Rare Institutional Sized Deal

    • Severe Lack of Affordable Housing in the Market

    • Excellent Location and No Deferred Maintenance

    • 100% Occupied and Tenant Owned Homes

    • City Utilities and Very Low OpEx Ratio

  • 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 Minutes 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 Portfolio, St. Louis IL/MO MSA - Broker: Ken Schefler

    Price: $12,300,000 | # Sites: 425

  • Two MHC Portfolio, East St. Louis, IL MSA - Broker: Ken Schefler

    Price: $30,000,000 | # Sites: 300+ | Cap Rate: 3.00%

  • 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 notes

    • 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

  • 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 the 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.

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CBRE

New!

  • 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

SUNSTONE

New!

  • Jordan Park, Gary IN - Broker: Kolman Bubis, Zach Sheck

    Price: $3,428,000 | # Sites: 97

    • 8%+ asking CAP rate

    • Conveniently located just south of I-80, approximately 30 miles southeast of Chicago

    • 76% occupancy with potential for increased value by filling vacant sites

    • Water, sewer, and trash costs are billed back to tenants

    • 60% of community owned homes are 2019

    • Close to Indiana University – Northwest, Hard Rock Casino and Highland Grove Shopping Center

  • Kickapoo Village, Bethalto IL - Broker: Kolman Bubis

    Price: $3,950,000 | # Sites: 89

    • 89 Site MHC & RV Community with 95% Current Occupancy

    • Municipal Water & Sewer that is Sub metered 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.

  • Alliance NE 2 Park Portfolio, Alliance NE - Broker: Casey Thorn, Robert McBroom

    # Sites: 174

    • Park price per site of $17,000 - Below replacement cost

    • Value creation by filling vacant inventory and sites

    • Comps in market are 90%+ occupied charging above $400 lot rents

    • Water, sewer, and trash are direct billed to tenants

  • South Concho, San Angelo TX - Broker: Robert McBroom, Casey Thom

    # Sites: 268

    • 258 sites at 59% occupancy

    • City services

    • Significant value-add potential with in-fill

    • 42 sites leased up in 2022 and 2023

    • Median home price of $207,000 in San Angelo

    • Diverse economy including Angelo State University & Goodfellow AFB

    • Onsite office and pool facilities

  • 106 Sites in San Antonio MSA - Broker: Casey Thorn, Robert McBroom

    Price: $8,995,000 | # Sites: 106

    • Strategic Location: Interstate 35 frontage 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.

  • Central/Eastern MI 4-Property Portfolio - Broker: Kolman Bulbis

    Price: $13,960,000 | # Sites: 282

    • 282 Sites – 92% Economic Occupancy - All properties serviced by city water and sewer

    • Hillsdale, Breckenridge & Alma - $6,369,000 Assumable Agency financing fixed at 5.62%

    • Hillsdale, Alma, & Saginaw are sub metered with new Metron meters. Breckenridge is direct billed.

    • Strong preference will be given to portfolio offers, but individual offers on Saginaw will be considered.

  • San Antonio 2 Park Portfolio, San Antonio TX - Broker: Casey Thorn, Tony Houchin

    Price: $1,550,000 | # Sites: 39

    • 95% occupancy rate

    • All public utilities

    • Quick access to downtown San Antonio

  • Leaning Oaks & Maple Leaf, Houston MSA - Broker: Casey Thom and Hudson Bird

    Price: $5,230,000 | # Sites: 71

    • 3 vacant sites available at Leaning Oaks

    • City water and sewer services at Maple Leaf

    • 4th largest city in the U.S.

    • 59 park-owned homes

  • Hub City, Alice TX - Broker: Tony Houchin

    Price: $1,500,000 | # Sites: 34

  • Converse Meadows, Converse TX - Broker: Casey Thorn, Robert McBroom

    # Sites: 243

    • Onsite Office

    • Pool

    • City Services billed back to residents.

    • Potential for increased value through infill and adjusting rents.

    • Recent updates, including improved roads.

  • Southwest Portfolio, Bloomfield NM - Broker: Casey Thom, Robert McBroom

    Price: $23,400,000 | Price per Site: $26,995,000 | # Sites: 394

    • Ability to own in two strong markets.

    • Upside in infill & below market rents

    • New home inventory in NM properties - 25 homes are 2022+ models.

    • Great debt - CMBS fixed at 3.72% & Fannie Debt fixed at 4.59% (see OM for more details)

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CAPSTONE

  • Eastern Indiana Portfolio, IN - Broker: Tanner Byers, Jon Wilsman, Evan McLeod

    # Sites: 88 sites

    • Upside in Filling Vacancy

    • Below-Market Rents & Public Utilities with Bill-Back

    • Recent Capital Improvements

    • 100% Tenant-Occupied Homes

    • Close Proximity Allows for Shared Staffing

    • Direct Access to Indianapolis, Dayton, & Cincinnati

  • Western Tennessee MH & RV Portfolio, Jackson TN - Broker: Tanner Byers, Jon Wilsman, Evan McLeod

    # Sites: 420 sites

    • Scaled Entry into Tennessee with Eight Communities Totaling 420 Sites

    • Stabilized 86% Portfolio Occupancy

    • High Demand for Workforce Housing & Below Market Rents

    • Well-Maintained Communities

    • Close Proximity Allows for Shared Staffing & Economies of Scale

    • Numerous Economic Developments in Madison County

    • Potential Expansion Opportunities

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 motorhomes.

  • 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.

  • Plattsburgh MHC Portfolio, Plattsburgh NY - Broker: Andrew Shih, Todd Fletcher, Braden Weaver, Samuel Rector

    • With lot sizes large enough to accommodate newer size homes and currently no park owned homes, value-add opportunity to add homes and fill up the park. Increasing occupancy by 15% (or 22 sites) would add over $90K of additional annual lot rental revenue for a new owner.

    • New move-in rents will be at $475 within the next few months, or $118 higher than the current average. There is a tremendous opportunity to capture the added revenue upon turnover. If turnover is 20% annually, that would add over $20K in additional annual lot income going forward.

    • Rents are under market and increasing existing tenants by 3% per year will add around $10K of additional lot rental revenue each year. According to the NY Housing Stability & Tenant Protection Act of 2019, MH owners cannot increase rent more than 3%, except if justified by an increase in operating expenses which can include capital expenditures. It is our understanding that under the state rent control rents can increase up to 6% when including amounts spent by a owner on capital improvements.

    • Strong demographics in the area with average household incomes and housing values at $82,280 and $243,152, respectively, within a 10-mile radius of the communities. As single-family affordability becomes increasingly more challenging in this market, more people will be looking for inexpensive options that still provide a high-quality living situation like the communities offer.

    • Attractive basis below replacement cost.

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  • Red Palmetto MHC, Ladson SC - Broker: Todd Fletcher, Andrew Shih, Braden Weaver, Samuel Rector

    # Sites: 24 | 9.96 Acres

    • The property is 100% occupied with only one brand-new 2024 park owned home on a rent-to-own agreement. The remaining sites are filled with tenant owned homes.

    • New move-in rents are already $200+ higher per site per month. There is a tremendous opportunity to eventually move all site rents to this level, which would create over $55K in additional annual revenue. According the 2023 Charleston MSA Datacomp report, the average adjusted lot rent is $516 with average occupancy rates at 99% for all-age communities.

    • Utilities are city sewer and water. The utilities are direct billed, and the city maintains all the lines.

    • Strong demographics in the area. Within a 10-mile radius of the community, average household income is $97,298 with strong home values at $299,018.

    • The community is just outside Charleston, the second largest city in South Carolina known for its charming historic districts, a lively arts scene, numerous institutions of higher learning, miles of pristine beaches, and some of the best restaurants along the coast.

  • Waukon MHC, Waukon IA - Broker: Andrew Shih, Todd Fletcher, Braden Weaver, Samuel Rector, Jerry Hopkins

    # Sites: 89 | 9.26 Acres

    • Value-add opportunity for a new owner to continue to grow revenue by bringing in and selling homes to fill the remaining lots. Filling the remaining vacant lots could add over $80K in annual site rental revenue for a new owner.

    • Further upside potential to increase lot rents over time to boost revenue. The current Owners already noticed tenants of a planned lot rent increase by $45 in April/May of this year, which should add over $38K in annual site rental revenue for the next owner.This is included in the Proforma of the Financial Analysis section on page 3 of the OM found in the Virtual Deal Room.

    • Another source of upside would be to sub-meter water/sewer and bill back tenants based on usage, which could add another $40K of annual revenue for the next Owner (assuming a 95% recapture rate).

    • The community is serviced by public utilities and features an attractive layout with off-street parking, mature trees, large lots, and onsite management. The community is also directly adjacent to the Waukon City Park and boasts 64 acres of open park, making it a fantastic amenity for residents.

    • Strong demographics with average household incomes and homes values of $86,014 and $280,752 within a 10-mile radius of the community.

    • ​​​​The community sits within the highly rated Allamakee Community School District with 1,094 students enrolled and employs around 200 staff members.

COOPER CARDINAL

  • Hide-Away-Harbor MH & RV Park, Astatula FL - Broker: Jack A. Cardinal

    Price: $3,495,000 | # Sites: 60 | 7.3 Acres

  • Circle Oaks MHP, Fort Myers FL - Broker: Jack A. Cardinal

    Price: $1,395,000 | # Sites: 16 | 0.96 Acres

    • Circle Oaks offers frontage along State Hwy 78 and is just steps away from US Hwy 41

  • Shangri-La MHP, Saint James City FL - Broker: Jack A. Cardinal

    Price: $2,400,000 | # Sites: 31

  • J&S Fish Camp, Okeechobee FL - Broker: Jack A. Cardinal

    Price: $3,000,000 | # Sites: 45 | 5.4 Acres

  • Naples MHP, Naples FL - Broker: Jack A. Cardinal

    Price: $975,000 | # Sites: 15 | 2.5 Acres

    • Electric is sub-metered and Billed Back to all tenants.

    • Sites 1 – 5 offer 60 AMP electrical service to Pedestal Units, Sites 6 – 12 offer 200 AMP electrical service to Pedestal Units, and Sites 13 – 15 offer 30 AMP electrical service to Pedestal Units.

    • The Community is on a Well Water and Septic System with (7) Tanks. Trash is a Flat Monthly Fee ($40)

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OTHER STREET

New!

  • Jay-May MHP, Holiday FL - Broker: Armand Violi

    Price: $1,100,000 | # Sites: 16

  • Valley MHP, Castroville TX - Broker: Enon Winkler

    Price: $3,000,000 | # Sites: 72

    • Seller financing opportunity - $750,000 down payment, 5% interest rate with payments amortized over 30 years with a flexible term

    • 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

    • 13.57% day one cash-on-cash return

    • Opportunity to infill the remaining six vacant RV sites Potential to achieve a total operating income of $420,402 by year three

    • Opportunity to achieve a cash-on-cash return of 20.86% over a five year holding period

    • Ability to bill back tenants for water and sewer and tie into municipal connection

  • 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

  • Black River Estates, Black River NY - Broker: Enon Winkler

    Price: $1,600,000 | # Sites: 77

    • Immediate infill opportunity allowing a new investor to infill the remaining vacant lots at or above market rates

    • Public water and sewer with opportunity to bill-back to tenants

    • Fort Drum, a 12,000+ resident military base is located less than one mile from the community

    • Fort Drum was recently chosen to house the U.S. Army Multi-Domain Task Force #2 which will result in 1,500 additional troops to the area

  • Spirit Lake Estates, Winter Haven FL - Broker: Armand Violi

    Price: $950,000 | # Sites: 9

    • Immediate rental upside, rents below-market by ~$507/M

    • Opportunity to achieve a total operating income of $121,494 by year three

    • Potential to acquire a community in Florida at a 7.40% cap rate based on year one projections

    • Prime location in the Lakeland-Winter Haven MSA with access to major thoroughfares such as Interstate 4 and US Highway 17

  • Sauk Valley Estates, Rock Falls IL - Broker: Armand Violi

    Price: $450,000 | # Sites: 21

    • Seller financing opportunity - Seller willing to finance $315,000 with the following terms: $135,000 down, 5% rate, 5-year term with interest only payments the entire term

    • Ability to increase total operating income to $100,513 by year three

    • Opportunity to achieve a cash-on-cash return of 22.37% Immediate infill opportunity, three vacant lots to be filled and three vacant park-owned homes

    • Community located within the Sterling MSA and close to major routes such as Interstate 88 and U.S. Route 30 Park will benefit from hands-on management, current owner is hands-off and suffers from collection issues.

  • Cocheco River Estates, Rochester NH - Broker: Enon Wrinkler

    # Sites: 157

    • Opportunity to acquire a pristine, five-star age-restricted 55+ community with institutional quality curb appeal

    • 100% tenant-owned community at 100% occupancy

    • Significant rental upside with lot rents currently under market by ~$140/M compared to neighboring communities when adjusting for utilities

    • Community serviced by city utilities with opportunity to bill back water expenses to residents

    • Rochester, NH has been absorbed by the overall growth in the coastal New Hampshire area with many homes at Cocheco River Estates selling in excess of $200k

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  • 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

    # 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.

  • Newport Estates, Newport VA - Broker: Enon Winkler

    Price: $850,000 | # Sites: 26

    • Immediate infill opportunity with two vacant sites remaining

    • Opportunity to achieve a total operating income of $140,943 by year three

    • Potential to achieve a cash-on-cash return of 15.17% over a three-year holding period

    • Strong location outside of the Blacksburg-Christiansburg-Redford MSA which is home to 167,000+ residents and close to major thoroughfares including Interstate 81 and US Route 460

  • Brooksville FL Portfolio, Brooksville FL - Broker: Armand Violi

    Price: $5,500,000 | # Sites: 73

  • Oak Manor MHP, Masillon OH - Broker: Russ Williamson

    Price: $2,000,000 | # Sites: 22

    • Stabilized community on city utilities being billed-back to tenants

    • Opportunity to achieve a total operating income of $396,849 by year five

    • Potential to achieve a cash-on-cash return of 18.23% over a five-year holding period Excellent curb appeal with newer homes and clean look

    • Strong location in the Massillon-Canton MSA with 400,000+ residents and close proximity to Interstate 77 and Route 21

  • Bradford Heights, Woodland PA - Broker: Enon Winkler

    # Sites: 136

    • Seller financing available: 5–7-year term, 30-year amortization, 5 years I/O, 5.00% rate increasing 0.50% annually until Year 5

    • Opportunity to infill a mobile home community in a rapidly growing area with a large demand for affordable housing

    • Potential to develop additional sites alongside community currently in place

    • Community located close in proximity to Walmart Distribution Center

    • Community located adjacent to I-80

  • Shady Acres MHP, Danbury CT - Broker: Armand Violi

    Price: $3,750,000 | # Sites: 48

    • Opportunity to acquire a stabilized community in a desirable market with no rent control

    • Community almost fully occupied with strong rents in place

    • Limited competition in the immediate area with a demand for affordable housing, median home prices in the area are $270,000+

    • The local market can likely support higher MH rents, 1-bedroom apartments are $2,000+ on average and current lot rents in the community are well below 50% of that

  • Royal Oaks MHP, Little Rock AZ - Broker: Enon Winkler

    # Sites: 164

    • Immediate rental upside, lot rents currently below-market by ~$82/m

    • Opportunity to achieve a net operating income of $689,210 by year three

    • Immediate infill opportunity, 20 vacant lots to be filled for additional income

    • Prime location within the Little Rock MSA which is home to 750,000+ residents and close to major throughways including Interstate 30 and Interstate 40

  • 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 can be infilled

    • Community serviced by city utilities paid by the tenants

    • Opportunity to achieve a total operating income of $63,608 by year three Potential to achieve a cash-on-cash return of 22.94% over a three-year holding period

    • Park will benefit from hands-on management; current owner is hands-off and suffers from collection issues

  • Dogwood Estates, Lakeland FL - Broker: Enon Winkler

    Price: $800,000 | # Sites: 22

    • Immediate rental upside, lot rents currently below-market by ~$160/m

    • Prospect of boosting the net operating income to $137,579 by year three

    • Opportunity to fill the 6 remaining vacant lots and 2 vacant park-owned homes

  • Laporte Village, Laporte IN - Broker: Enon Winkler

    # Sites: 224

    • Significant rental upside - lot rents currently below-market by ~$147/m

    • Immediate infill upside - opportunity to fill the remaining 15 vacant park-owned homes and 53 lots at the market rate

    • Higher quality asset with newer homes and strong curb appeal

    • Community serviced by city utilities

    • Prospect of boosting net operating income to $1,045,749 by year five.

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NORTHMARQ

  • Caravan Oasis, Yuma AZ - Broker: Palmer Lloyd, Jeff Benson, Sam Neumark

    Price: $12,950,000 | Price per Site: $25,000 | # Sites: 518

  • 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

  • Taggin Wagon, Santa Ana CA - Broker: Jeff Benson, Sam Neumark, Palmer Lloyd

    Price: $15,000,000 | # Sites: 78 | Cap Rate: 4.54%

    • Well-kept community in one of the Nation’s Strongest Housing Markets

    • 78 pads, primarily tenant-owned homes

    • Park is serviced by city water & sewer services 

    • One of Southern California’s most affluent submarkets, with average home values exceeding $800,000

    • Year 1 Projected Cap Rate of 4.54%

    • Opportunity to gradually increase rents to market upon turnover

    • Santa Ana is the second most populous city within Orange County. OC is home to iconic destinations and diverse industries including technology, healthcare, tourism, and manufacturing

    • Southern California is consistently ranked as one of the United States’ most attractive housing markets and is expected to continue to grow

  • Baldwin MHP, Darlington SC - Broker: Chris Michl, Paul Smith, Jason Long

    Price: $1,450,000 | # Sites: 32

    • 32-site mobile home community located in Darlington, South Carolina

    • Majority tenant owned homes

    • 91% occupancy

    • Roads recently asphalted

    • City water serviced by Darlington Water & Sewer Authority. Private septic for sewer

    • Value adds opportunities include filling vacancies and increasing lot rent which is below market

    • Located 20 minutes from the Florence which has a metro area population that exceeds 200,000 people

    • Average salary in Florence metro is $48,328

    • Median home value is $160,000 with the one-year appreciation rate at 16.51%. National average is 8.27%.

    • Darlington one-bedroom rents average $690/month and two-bedroom rents average $840/month

  • Happy Hollow MH/RV Park, Lakeland FL - Broker: Robert, Hernandez, Jeff Benson, Sam Neumark, Palmer Lloyd

    Price: $1,225,000 | Cap Rate: 8.08% | # Sites: 20

    • Average home values in Lakeland are $318,000; up over 60% from 2020 average home values (Zillow)

    • The city is focused on infrastructure, healthcare, education and affordable housing. “This is a city that is 260,000 today and will be 500,000 by 2035,” Mutz (Lakeland Mayor) said. A lot of the growth can be attributed to the cost of living, the expansion of the corporate office for Publix and significant growth from Amazon.

    • Year one projected cap rate of 8.08%

    • Upside opportunities include raising rents, filling a vacancy, repaving roads, fully passing through utilities, and gradually increasing the quality of the housing stock by adding new park models

    • Additional value-add opportunity includes converting a standing building on the premises which is currently vacant into a manager’s office, laundry facility, or clubhouse

    • 4 Tenant Owned Mobile Homes, 12 Tenant owned RV’s, 3 park-owned Mobile Homes, 1 park-owned RV

    • Park is serviced by city water and septic

    • Lakeland population poised to double as the local economic drivers ramp up production in the Florida sub-market

  • Vagabond Mobile Home Park, Santa Fe NM - Broker: Sam Neumark, Jeff Benson, Palmer Lloyd

    Price: $3,100,000 | Price per Site: $79,487 | Cap Rate: 6.23% | # Sites: 39

    Day-1 Cash Flow + Value-Add Opportunity

    • Year 1 Projected Cap Rate of 6.13%

    • Upside opportunities include: filling three vacancies, fully passing throughutilities, gradually increasing quality of housing stock by adding new parkmodels and single wide homes.

    39-Space MHP in Prime Santa Fe Location

    • Primarily tenant-owned homes

    • Park is serviced by city water & sewer services

    • Local economic drivers include the tourism, arts, and government industries.

    Market Growth

    • Average home value in Santa Fe is $584,000

    • Santa Fe, NM home values have risen by 4.2% over the past year

    • Restaurants, grocery stores, entertainment, venues and schools within walkingdistance

    • Santa Fe is the state’s capital and growing rapidly

  • Diamond Valley MHC, Black Diamond WA - Broker: Kevin Adatto, Jeff Benson, Sam Neumark

    # Sites: 122 | 21.22 Acres

    • The property is located within the most affluent submarkets of the Seattle MSA, with average home values exceeding $895,000 according to Redfin.

    • Housing stock is comprised of all tenant-owned single and double wide homes.There is a significant amount of new housing stock in the community.

    • Utilities are all on city services.

    • Washington is ranked as one of the nation’s strongest housing markets and is expected to continue to grow.

    • Upside opportunities include filling four vacancies and raising rents to market. Based on nearby comparables, there is approximately 10% rental upside.

    • Opportunity to install covered parking at the community and implement a monthly covered parking fee of $25-$30/space/month.

    • Black Diamond is the fastest growing area in King County, having grown by 35% in 2022.

      Thanks for reading The Real Estate Solutionist: MHC! Subscribe for free to receive new posts and support my work.

  • 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.

  • Tanglewood MHC, Rochester WA - Broker: Kevin Adolfo, Jeff Benson, Sam Neumark

    Price: $5,250,000 | Price per Site: $86,066 | Cap Rate: 5.13% | # Sites: 61

    • Park serviced by the Rochester Water Association & septic system.

    • Majority of the housing stock are double wide homes.

    • All tenant-owned homes (except for one POH, not included in sale)

    • Upside opportunities include bringing rents to market, filling vacancies, and passing through utilities.

    • Average home values in Rochester, WA are $474,887.

    • There is no rent control in the state of Washington.

  • The Pacific Northwest Portfolio, Woodland and Roseburg, WA & OR - Broker: Matt Lipson, Kevin Adolfo, Jeff Benson, Sam Neumark

    Price: $14,300,000 | Price per Site: $67,136 | Cap Rate: 5.09% | # Sites: 213

    • A total of 213 spaces across three manufactured housing communities in Woodland, WA and Roseburg, OR

    • Can be sold as a portfolio, sub-portfolio or individual basis.

    • Primarily tenant-owned homes.

    • Blended year one cap rate is 6.46%.

    • There is no rent control in Washington. Oregon rent control allows for increases up to 7% + CPI (capped at 10%) annually.

    • Average home values in Woodland, WA are $552,933.

    • Average home values in Roseburg, OR $347,864.

  • Parkrose Mobile City, Portland OR - Broker: Chris Mich, Paul Smith

    # Sites: 88 | 3.67 Acres

  • Birch Knoll Mobile Home Park, Hazelton PA - Broker: Anthony Pino, Ari Azarbarzin

    # Sites: 92

    • Immaculately maintained community with sidewalks, off-street parking, and streetlights

    • Proven value-add story: Current lot rents are $165 per month below nearby comparables

    • Ability to implement immediate rent increase (most recent rent increase in 2021)

    • Public Utilities (City sewer and water)

    • Submetered water

    • 25 Park Owned Homes | 22 are on rent to own contracts | 1 is the management office.

    • 67 Tenant Owned Homes

    • Two expansion sites in the community that will allow for an additional 34 leasable income producing lots

    • First sale of the community since 2009

    • Birch Knoll is within just a day’s drive of 40% of the Nation’s population and 25% of the Nation’s economic output

    • Surrounded by robust industrial growth including a 1.2M square foot logistics center that is leased to Samsung.

  • Saucon Valley Crossing, Center Valley PA - Broker: Anthony Pino, Ari Azarbarzin

    # Sites: 71 | ±8.155 Acres

    • Significant untapped revenue, with existing lot rents $73 below nearby comparable

    • 64 of 65 occupied lots are Tenant Owned Homes

    • One Park Owned Home on site which is a SFH

    • Ability to implement immediate rent increase (most recent rent increase in 2021)

    • Public Utilities (City sewer and water)

    • Sub metered Water

    • New water and sewer lines installed in 2021

    • First sale of the community since 2015

    • High visibility location along Route 309, a major transit artery linking Philadelphia and Allentown

    • Located in affluent Center Valley, PA with an average median household income of $161,037 (54% above the national average)

    • Warehousing and logistics hub with major nearby employers such as Amazon, Aldi, Crayola, Olympus, and Air Products.

PARK BROKERAGE

  • Alisal Country Estates, Salinas CA - Broker: John Sheedy, George Waidelich

    # Sites: 82

    • Brand new to the market is a well-located all-ages mobile home park located in the high demand housing market of Salinas, California.

    • This property is on city services with metered utilities and family seller who has owned the property for 25 years.

    • All the homes are owned by the tenants and the community features over 75% doublewide homes.

    • The park was built in the 1970’s.

    • The city is known as the “Salad Bowl of the World” due to its importance in the production of lettuce, broccoli, strawberries, and other fruits and vegetables. The population of Salinas is about 155,000 people and the median age is 31 years old with a household income is $75,747.

    • Offers are to be due on September 25, 2023, at 9am local time.

      Thanks for reading The Real Estate Solutionist: MHC! Subscribe for free to receive new posts and support my work.

NAI OHB

  • 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.

BERKADIA

  • Tampa-Orlando MHC Portfolio, FL - Brokers: Kevan Enger, Hunter Larocca, Ian Hilpl, Brian Hummell

    • 6 Properties, 256 sites

  • Illinois - Minnesota MHC Portfolio, MN, IL - Brokers: Ian Hilpl, Brian Hummell, Kevan Enger, Hunter Larocca

    # Sites: 806

    • UPSIDE IN FILLING VACANCY

    • SCALED ENTRY INTO ILLINOIS

    • PROXIMITY TO PONTIAC, SPRINGFIELD, AND DAVENPORT/MOLINE IL

    • PUBLIC UTILITIES AT DECATUR, CANDLELIGHT & AUDUBON

    • ABILITY TO SHARE STAFFING AT DECATUR ESTATES & REDWOOD MHC

    • STORAGE UNITS AT REDWOOD ALLOW FOR MULTIPLE SOURCES OF CASH FLOW

  • Holly Tree Village, Elon NC - Broker: Brian Hummell, Kevan Enger, Ian Hilpl, Hunter Larocca

    # Sites: 81

  • College Station MHC, College Station TX - Broker: Ian Hilpl, Brian Hummell, Kevan Enger, Hunter Larocca

    # Sites: 655

    • ENTRY INTO PROMINENT COLLEGE STATION MARKET

    • OWNED BY ORIGINAL DEVELOPER & HIGH BARRIER TO ENTRY

    • EXPANSION OPPORTUNITY TO INCREASE SITE COUNT TO 1000+

    • ALTERNATIVE APPROACH TO AFFORDABLE STUDENT HOUSING

    • ALL RESIDENT OWNED HOMES & LOW OPERATIONAL OVERSIGHT

    • IMMEDIATE RENTAL UPSIDE

  • Lake Estates MHC, Warsaw IN - Broker: Ian Hilpl, Brian Hummell, Kevan Enger, Hunter Larocca

    # Sites: 123

    • STABILIZED OCCUPANCY

    • PROXIMITY TO FORT WAYNE, IN

    • MAJORITY RESIDENT OWNED HOMES

    • LAKE ACCESS

    • ATTRACTIVE ON-SITE AMENITIES INCLUDING:
      SWIMMING POOL, CLUBHOUSE, BOAT/TRAILER STORAGE, BOAT PIERS & LAUNDRY FACILITY

    • RECENT CAPITAL IMPROVEMENTS INCLUDING:
      WATER SYSTEM UPGRADES, SEA WALL REPLACEMENT, & POOL IMPROVEMENTS

    • CHARMING NEIGHBORHOOD FEEL

  • Michigan MHC Portfolio

    # Sites: 427

  • 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

  • Troy & Dothan Portfolio, AL

    # Sites: 201

    • SCALED ENTRY INTO MARKET

    • TURNKEY ASSET

    • SHARED STAFFING CAPABILITIES

    • PUBLIC & DIRECT BILLED UTILITIES AT ARROWWOOD & BRIDGEWATER BAY

    • NEW HOME INVENTORY AT BRIDGEWATER BAY

    • STRONG OCCUPANCY WITH ABILITY TO FILL REMAINING VACANT HOMES AT BRIDGEWATER BAY

    • WELL-MAINTAINED COMMUNITIES

  • Anna Crossing, Anna TX

    # Sites: 96

    • STRONG LOCATION WITHIN DALLAS-FORTH WORTH MSA

    • LACK OF AFFORDABLE HOUSING IN THE IMMEDIATE AREA

      ANNA, TX MEDIAN HOME COST - $365,400

    • CURRENT RESIDENT OWNED LOT RENTS ARE $516 LESS THAN SURROUNDING MARKET COMPETITION

      CURRENT LOT RENT AVERAGE IN THE IMMEDIATE MARKET IS $934

    • ATTRACTIVE TURN-KEY ASSET WITH OPERATIONAL EFFICIENCIES

    • EXPANSION OPPORTUNITY

    • RECENT CAPITAL IMPROVEMENTS MADE
      NEW PLAYGROUND INSTALLATION, NEW MAILBOX KIOSK, EXTERIOR APARTMENT RENOVATIONS & INTERIOR RENOVATION ON ONE OF THE FOUR APARTMENTS

  • Merrimac Manor MHC, Huntsville AL

    # Sites: 174

    • FAVORABLY POSITIONED IN GROWING HUNTSVILLE MSA

    • 89% ECONOMIC OCCUPANCY

    • BELOW MARKET RENTS

    • EXCELLENT CURB APPEAL | RECENT CAPITAL IMPROVEMENTS

    • PUBLIC UTILITIES | DIRECT BILLED WATER, SEWER & ELECTRIC

    • ATTRACTIVE ASSUMABLE FINANCING

  • Oasis MHP, Las Vegas MSA

    # Sites: 39

    • STABILIZEDTURN-KEY ASSET

    • STRONG IN-PLACE RESIDENT BASE & TENANT WAITING LIST

    • LOCATED 30 MINUTES OUTSIDE LAS VEGAS

    • MASSIVE DEMAND FOR AFFORDABLE HOUSING DUE TO GROWTH IN THE INDIAN SPRINGS MARKET

    • BELOW-MARKET RENTS

    • PUBLIC WATER & SEWER WITH RECAPTURE UPSIDE

    • UTILITY CONNECTION VALUE AT $65K PER LOT. BEAZER HOMES PURCHASED RIGHTS AT THIS AMOUNT FROM NEIGHBORING MHP.

  • Sunset MHC, Rushville IN

    # Sites: 80

    • STABLE 88% OCCUPANCY WITH ABILITY TO INCREASE BY LEASING UP REMAINING POH

    • MINIMAL POH / MAJORITY RESIDENT OWNED HOMES

    • 12 BRAND NEW HOMES WITH ASSUMABLE LOAN

    • PUBLIC UTILITIES

    • ACCESSIBILITY TO INDIANAPOLIS

  • Gateway MH & RV Park, Corpus Christi TX

  • Cimarron Park, Nolanville TX

  • Hidden Valley MHP, Huntsville TX

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