Harbor Stone Advisors is pleased to offer for sale El Rancho and Spring Ridge Village, a portfolio of two manufactured home parks with 75 rentable units consisting of 71 manufactured home sites, one single family home, and three apartment units. The properties are located just 9 miles apart in Hagerstown, MD and are near the I-81 and I-70 Corridors, a booming industrial hub. Spring Ridge Village is immediately adjacent to a newly constructed, 1 million SF industrial warehouse leased by Amazon.

The portfolio offers attractive yield with occupancy upside by filling the 8 vacant mobile home sites at Spring Ridge Village and has the ability to increase lot rents due to the long term tenant base and demand for work force housing in the area. Multiple value-add possibilities exist here for a new owner including renovating the three apartment units, updating existing community amenities at Spring Ridge Village, and adding community amenities to El Rancho such as a picnic/grilling area, playground, or dog park. There is also an additional manufactured home site that was occupied by an old storage shed that was torn down by current ownership, which can be used as another rentable site. A new owner can get creative and utilize the 29 additional acres at El Rancho, currently going unused, for potential future development such as an expansion of the mobile home park or a self-storage site.