Meadows MHP - Redevelopment Site with a view

<p>JLL, as exclusive advisor, is pleased to present the opportunity to acquire B&R MHP and Olympic Village MHC (collectively, the "Portfolio"), a two property manufactured housing portfolio located in Port Angeles, Washington.​ The Portfolio provides investors with immediate exposure to a resilient, needs based housing sector in a supply constrained coastal Washington market characterized by strong affordability dynamics and limited new manufactured housing development.​</p><p></p><p>The Portfolio consists of stabilized, all age manufactured housing communities with a predominantly tenant owned home base, supporting durable cash flow, limited capital expenditure requirements, and long average lengths of resident tenure.​ Both communities benefit from proximity to regional employment centers, healthcare providers, and essential retail while remaining significantly discounted to alternative housing options, including single family rentals and homeownership.​</p><p></p><p>Combining with historically strong manufactured housing fundamentals and sustained housing undersupply across the Olympic Peninsula, the Portfolio offers long term income durability and defensive performance.​</p><p></p><p></p>

<p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Golden Village, a 59-site all-ages manufactured housing community located in Tacoma, Washington, within the highly desirable Seattle-Tacoma-Bellevue MSA.​ Situated on approximately 5.62 acres, the community features a predominantly community-owned home model with 52 community-owned homes, 5 resident-owned homes, one owner-financed unit, and one employee unit.​ The property is currently operating at approximately 94.9% occupancy, providing investors with stable in-place cash flow in one of the Pacific Northwest's strongest housing markets.​</span></p><p></p><p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Golden Village offers an attractive combination of current yield and long-term upside through continued occupancy stabilization and rental growth.​ The community currently averages approximately $830 per site per month, while market rent analysis indicates the property remains below comparable communities in the Tacoma market.​ With only two vacant homes remaining, investors have the opportunity to quickly achieve near-full occupancy while continuing to capitalize on Tacoma's strong demand for affordable housing alternatives.​ Utility reimbursements are already in place through RUBS for water and flat-fee sewer recovery, helping offset operating expenses and improve operational efficiency.​</span></p><p></p><p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">The property's value-add strategy is centered around filling the remaining vacant homes and implementing consistent rental rate growth in accordance with Washington state regulations.​ Underwriting projects occupancy increasing to approximately 98.3%, while average monthly rents are projected to grow from $830 to more than $1,040 per month by Year 3.​ As occupancy and rents increase, projected annual revenue grows from approximately $643,000 to more than $823,000, driving significant bottom-line growth.​ Projected NOI increases from approximately $390,000 currently to more than $526,000 by Year 3, representing substantial value creation for a future owner.​</span></p><p></p><p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Located within the rapidly growing Tacoma market, Golden Village benefits from proximity to Interstate 5, the Port of Tacoma, Joint Base Lewis-McChord, major healthcare systems, and the broader Seattle employment corridor.​ Strong population growth, rising homeownership costs, and limited affordable housing supply continue to support demand for manufactured housing throughout Pierce County.​ With high occupancy, below-market rents, and a clear path to NOI growth, Golden Village presents a compelling opportunity to acquire a well-located manufactured housing community in one of the nation's most supply-constrained housing markets.​</span></p><p></p>

<p>University Mobile Home Park is a 106-space manufactured housing community situated on 9.29 acres in Spokane Valley, Washington, within the broader Spokane MSA.​ The park sits at the corner of E 4th Avenue and S Dishman Mica Road and comprises primarily tenant-owned homes alongside 1 park-owned mobile home and 8 long-term RV sites.​ The community is currently 92% occupied and operates without third-party management, a reflection of the park's operational simplicity.​</p> <p>In-place rents average approximately $516 per month, with new move-ins and renewals going for $530.​ Competitive parks in the Spokane area have rents averaging in the mid-$600s.​ While Washington's HB 1217 caps annual lot rent increases at 5% for manufactured home communities, an owner who stays current on those allowable increases while maintaining a well-run park can close a meaningful portion of that gap on a predictable, year-over-year basis.​ The park's income growth potential does not depend on a market shift or an operational overhaul, but rather on consistent management and the passage of time.​</p>

<p>Palmero Partners are please to offer for sale Medo-Lyn Mobile Ranch.​ A 50-site, all-ages manufactured housing community in the heart of Lynnwood Washington, one of the Puget Sound region's fastest-growing submarkets.​</p><p></p><p>Offered for the first time in over five decades, this fully occupied, 100% resident-owned community sits on 4.57 acres served by public water and sewer, minutes from I-5, Highway 99, and the Lynnwood Transit Center.​ With restrictive zoning making new manufactured housing communities nearly impossible to build, Medo-Lyn represents an irreplaceable piece of infill housing in a supply-constrained market — combining stable, in-place income with substantial embedded upside for a new owner.​</p>

<p>Paradise Cove Resort & RV Park: 99% of customers stay for long term resulting mobile home park rules applies.​ 50 pads (another 10 pads can be added subject to conditions) on 2.74 acres in a beautiful tree-lines quiet and peaceful setting.​ One park-owned double wide mobile home on site recently removed.​ New owner can add two spaces or bring in a new double wide mobile as office replacing the current office at the front building on a separate parcel.​</p><p>Ten pads can be added on the seldom used camping area for additional revenue subject to adding utilities to those spaces.​</p><p>A separate building housing a well water filtration system for the best clean water for the residents.​ Another free standing building housing the men and women restroom.​ The third building houses the laundry room, shower and bathrooms for men and women, maintenance room and storage room.​</p><p>The roads at the park are asphalt paved not dirt road like most other RV parks.​</p><p>Portion of the remodeled third building houses the laundry room (park owned four washers and four dryers $2 per use).​ Hot showers for man and woman: woman: 2 handicapped stalls and 3 regular stalls.​ Man: 1 handicapped 2 regular stalls.​ Storage room and maintenance room for tools and equipment.​ Maintenance team (couple) on site.​ Due to mobile home rules applies, each unit has park provided fire distinguishers.​ All utilities are provided by owner.​ New owner can install electric sub meters (quoted for $50 per unit pre owned) should be installed for each unit for occupants to pay its own electric bills to lower operating expenses.​</p><p>The average monthly rent is $635/space after rent increases for 2025.​ As of July 2025, monthly gross receipt is about $30k including rent from the single family home on a separate tax lot about $900 per month.​</p><p>Separate tax lot 1.36 acres with a 1,356 SF commercial building frontage on Burma Road has been remodeled like new: 1/4 for park office and 3/4 as 2 bedroom living unit.​ It can be leased for $2,750 a month triple net lease to third party user by relocating the park office to a new double wide mobile home at the park.​ The two bedrooms living unit has modern new kitchen amenities for park owner if desired.​ Large pole sign towards the front of the building.​ Custom built tool and equipment storage shed at the back of this building.​</p><p>The park has been continuously remodeled and upgraded throughout the years to a ‘newer’ and pleasant living environment costing millions.​ A modern septic system has been recently installed.​ Propane tank towards the back of the third building or laundry building provides hot water for showers and laundry.​</p><p>Another separate tax lot 0.41 acre with one single family home currently rented for $900 a month (rent below market).​ It can be owner unit for buyer or to remove this single family home to expand the park for more units.​</p><p>Sell as a whole 3 parcels together as portfolio sale.​</p><p>Part time manager on site with one assistant.​ A couple living on site as maintenance team for the park.​</p><p>Approx.​ $160,000 spent in recent year for septic system upgrade.​ Over $100,000 spent on shower room laundry room remodeling for users and other improvements.​ Approx 2 million spent throughout the years to upgrade the property to its current condition.​ There is NO deferred maintenance.​</p><p>Residents or users enjoy easy on and off exit 52 of Interstate 5.​ Property is across the way from the recently built very busy modern ‘Space Age Travel Center’ for travelers and semi trucks for fuels, A&W Burgers and shopping.​</p><p>Owner enjoys great cash flow (full most of the time) with minimum management and small expenses throughout the years with little headache as compared to apartment investment with high repair and maintenance cost.​ The property is of pride of ownership!</p><p>Seller ONLY carry financing secured by a FIRST deed of trust with minimum 2 million down as ‘installment sale’ with periodically principal paydown, interest, term and conditions mutually agreed for qualified buyer.​ One of the best replacement properties for IRC1031 to exchange into.​ Buyer can pay all cash by obtaining third party institutional financing.​ Seller would NOT carry back 2nd loan behind the first loan.​ Seller is NOT interested in ‘creative’ financing like passive member of a LLC or a trust arrangement.​ </p><p>Reverse IRC1031 exchange ok for qualified buyer.​</p><p>Due to the extra lot with the SFR and the other separate lot with the commercial building, using asking price per unit cannot be used.​ New ownership can buy the adjacent third party owned SFRs, when available, to increase the units besides using the existing two parcels to increase the units.​ The property can be valued added to increase revenue.​ Installing sub-meters at each unit for user to pay their own electricity bills reducing owner’s expenses for more net profit.​</p><p>Contact Broker for detail 16 pages information package.​</p><p>DO NOT DISTURB any resident or management on the property on site.​ Viewing or touring must be accompanied by Broker a must.​</p><p>Co- list with Eric Young</p><p></p><p></p>

<p>North Pointe Manufactured Housing Community presents an exceptional opportunity to acquire a well-positioned manufactured housing asset in the rapidly growing city of Moses Lake, Washington.​ Situated on more than 15 acres of R-3 zoned land, the community is currently permitted for up to 101 manufactured home sites and includes supporting amenities such as an onsite office, mail facilities, and a playground.​ The property offers investors the opportunity to capitalize on strong demand for affordable housing while benefiting from the long-term appreciation potential of a large land holding in one of Central Washington's most dynamic growth markets.​</p><p>The community generates substantial in-place income and offers multiple avenues for future value creation.​ In addition to lot rental revenue, the property includes a significant inventory of park-owned homes that ownership estimates may represent approximately $2 million in value in today's market.​ A future owner may elect to sell homes individually, creating liquidity that can be used for capital improvements, operational enhancements, or debt reduction.​ The combination of stable cash flow, asset value, and operational flexibility creates a compelling investment opportunity with both current income and long-term upside.​</p><p></p><p></p><p>Strategically located near Big Bend Community College, Grant County International Airport, major retail corridors, and regional employment centers, North Pointe is positioned to benefit from the continued expansion of the Moses Lake economy.​ Significant investment in aerospace, advanced manufacturing, logistics, agriculture, and technology sectors has fueled population growth and increased demand for workforce housing throughout the region.​ With its scale, entitlements, strategic location, and strong market fundamentals, North Pointe offers investors a unique opportunity to acquire a sizeable manufactured housing community in a market poised for continued growth.​</p>