Hill City MHC LLC

<p>20 unit mobile home park with room for expansion.​ This is a new development with 12 homes purchased new and 8 homes preowned.​ </p>

<p><span style="color: rgba(0, 0, 0, 1)">Nearly eight acres, for your mobile home park, residential development, multi fam or industrial.​ Currently zoned R-1, surrounded by R-3 and I-G (Industrial).​ Currently in 6 parcels.​ Owner will work with buyer to join parcels and to change zoning if needed.​ Approximately 800' of frontage on Buckman Street (Preston Highway).​ Convenient to retail, industrial, and interstate access.​ Utilities, at the property, NOT in flood plain</span></p>

<p>Link to Deal Room: <a href="https://www.marcusmillichap.com/properties/200573/spring-park-mhp" target="_blank">https://www.​marcusmillichap.​com/properties/200573/spring-park-mhp</a></p><p></p><p>Marcus & Millichap has been selected to exclusively market for sale the Spring Park Mobile Home Park in Magnolia, KY.​ This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the heart of Kentucky.​</p><p></p><p>Spring Park MHP is a low‑density, 5.51 acre mobile home community featuring eleven tenant‑owned home lots, offering stable income with minimal management needs.​ The property provides ample open space and straightforward operations while serving long‑term residents in a quiet Magnolia setting with convenient access to Hodgenville and Elizabethtown.​</p><p></p><p>Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close.​ The purchase terms shall require all cash to be paid at closing.​</p><p></p><p>At no point should tenants or staff be contacted regarding the sale of the Spring Park MHP.​</p>

<p><strong>KNOX COUNTY, KY -</strong> The MHP Broker is pleased to present City View MHP, a value-add mobile home park and redevelopment opportunity located in Barbourville, Kentucky, the county seat of Knox County.​ The property consists of approximately 43 existing and potential mobile home/RV sites situated across multiple parcels totaling approximately 3.87 acres.​</p><p> </p><p>Offered at a reduced list price of $300,000, the investment presents an attractive basis relative to replacement cost and offers significant upside through park stabilization, infill, redevelopment, and operational improvements.​</p><p> </p><p>The property is served by city water and sewer, with infrastructure already in place throughout the community.​ Historically operated as a mobile home park for decades, portions of the property may benefit from longstanding nonconforming or grandfathered use status; however, buyers are encouraged to independently verify zoning, grandfathering, floodplain considerations, density allowances, and future intended use with the City of Barbourville and Knox County during due diligence.​</p><p> </p><p>The opportunity is best suited for experienced operators, redevelopment-focused investors, or groups comfortable navigating entitlement, zoning, and infill execution strategies.​ With a low basis, existing infrastructure, and multiple potential paths to value creation, City View MHP offers a unique repositioning opportunity within an affordable housing sector that continues to see strong long-term demand.​</p><p> </p><p>The park presently has 2 occupied POH generating $865 and $600 respectively.​ Additionally, the property contains 19 vacant POH in unsalvageable condition that can be removed to unlock significant redevelopment upside.​ Upon removal, the park will offer 41 vacant pads ready for new home installation.​ Internal roads throughout the community are paved but will require improvement.​ The area benefits from stable employment drivers including healthcare, education, manufacturing, logistics, and government services, with major employers such as Barbourville ARH Hospital, Union College, Knox County Schools, and regional employers in nearby Corbin.​</p><p> </p><p>This offering represents a compelling value-add and infill investment supported by strong affordable housing and workforce housing demand.​ HUD and Section 8 rent benchmarks in the area materially exceed current lot rents, providing meaningful upside while maintaining affordability for residents.​ With existing utility infrastructure, flexible zoning, and durable employment fundamentals, the property offers a clear path to infill execution, rent growth, and long-term cash flow stabilization.​</p>