Frontier Estates MHP

<p><strong>This is a confidential 14-site mobile home park listing we are showing select buyers.​ To access the address and financials please click "Sign CA" and once done, you will have access to the information.​ If you have any questions or concerns please call/email/text Shaun Miner at <a href="https://mailto:ShaunM@mhpvalue.com" target="_blank">ShaunM@mhpvalue.​com</a>.​</strong></p><p></p><p>This is a 100% occupied 14-site mobile home community located in Cheyenne, Wyoming.​ The property features 13 Park-Owned Homes and one tenant-owned home, with current rents below market with opportunity to increase NOI.​ Seven homes have been updated within the last three years.​ The property is served by city utilities.​ </p>

<p>The Wilmer & Danny Group of Marcus & Millichap is proud to present Heartland Estates, a rare opportunity to acquire a value-add manufactured housing community located in Torrington, the economic and commercial center of Goshen County in eastern Wyoming.​ The property consists of seventy-six (76) total manufactured housing sites, including three (3) brand new park-owned homes, offering investors the opportunity to acquire a community with significant occupancy upside and long-term rental growth potential in one of the Mountain West region's most supply-constrained affordable housing markets.​</p><p>Originally developed in 1972, Heartland Estates currently operates at approximately 65% occupancy, presenting investors with a clear path toward value creation through continued infill, lease-up, and operational stabilization.​ The property benefits from all city utility services, providing long-term infrastructure reliability and operational simplicity.​</p><p>The community operates with a flat monthly utility reimbursement structure, with residents contributing toward electric, water, sewer, trash, and tax expenses.​ Current utility billbacks are approximately comprised of 33% electric, 27% water, 17% sewer, 22% trash, and 1% tax reimbursement, creating operational efficiencies and expense recovery for ownership.​</p><p>Existing in-place rents remain below competing housing alternatives within the market, providing investors with the opportunity to capture continued organic rent growth over time.​ Additionally, the recent addition of three brand new park-owned homes further enhances the property's long-term income potential and overall community appeal.​</p>