Listing Broker: Paul Schaaf & Courtney Shady
Contact Paul Schaaf & Courtney Shady: +1-678-932-0200

The MHP Broker is pleased to present this stabilized 3-park portfolio in Oxford & Anniston, AL. This area has seen recent growth due to the presence of Interstate 20 and its central location between Atlanta and Birmingham.

This portfolio features a total of 52 pads with an occupancy of approximately 85%. These 3 cash-flowing communities gross over $13,700/month, and are all within close proximity to one another. Actual expenses currently run approximately at 28%.

This investment consists of 41 tenant owned homes (TOHs), 3 rent-to-owns (RTOs), and 8 vacant lots that are ready for infill. The RTOs have approximately 6 years remaining on the notes. There are easy value-add opportunities that exist on vacant pads by continuing with free advertising services of Zippy Manufactured Home Loans. The age of the home inventory is predominately late ‘90s – early ‘2000s, as well as newer units that retail for $80k/home.

All parks have paved or gravel roads that are in fair, to above average condition. Additionally, all parks are on city water and master metered, with the park absorbing expenses. Hilltop MHP and B&S MHP are on city sewer. Grants Cove MHP is on septic (multiple tanks), with an option to tap into city sewer. The current lot rents are $320/month, which includes water, sewer, and trash. The current management is done in-house and cannot transition to new ownership. The landscaping is the responsibility of the park, and the current vendor is willing to continue services. None of the parks reside in a flood zone.

This portfolio of communities is being offered at $1,450,000 to qualified investors. This represents an 8% CAP on lot rent only. Ownership will not consider Seller Financing. Please inquire for additional information.