Neillsville MHC Properties

<p><span style="color: rgba(33, 37, 41, 1)">Sunstone Real Estate Advisors is pleased to present the Wisconsin Portfolio, consisting of Cozy Acres Mobile Village, Huntington MHP, and Riverside MHP, a 134-site manufactured housing portfolio located across Eau Claire and New Richmond, Wisconsin.​ The portfolio is currently operating at approximately 89% occupancy (119 occupied sites) with a weighted average lot rent of approximately $400 per month, providing stable in-place cash flow with immediate upside.​ The assets feature a simple operating structure with a primarily tenant-owned home base and limited operational complexity.​ Cozy Acres Mobile Village represents the stabilized component of the portfolio at ~98% occupancy, while Huntington and Riverside offer additional upside through both rent growth and occupancy gains.​ The portfolio also includes 22 storage units, providing ancillary income and additional revenue diversification.​</span></p><p></p><p><span style="color: rgba(33, 37, 41, 1)">The underwriting reflects a value-add strategy centered on rent alignment and lease-up of remaining vacant sites, with a clear path to stabilization at full occupancy.​ Current rents across the portfolio are meaningfully below market, with adjusted rents of approximately $280–$351 compared to market averages of $449–$462, supporting substantial rental upside.​ Total revenue is projected to increase from approximately $571,000 to ~$809,000 by Year 3, driven by rent increases and occupancy growth.​ Net Operating Income is projected to grow from approximately $374,000 to ~$545,000, reflecting both revenue expansion and improved operating efficiency.​ Expense ratios improve from approximately 34% to ~32%, demonstrating operating leverage as the portfolio stabilizes.​ This offering presents a compelling opportunity to acquire scaled, cash-flowing assets with multiple levers for NOI growth in supply-constrained Midwest markets.​</span></p><p></p>

<p>38 site mobile home community in Wisconsin-Motivated seller</p>

<p>Fully occupied 18 pad mobile home park located in rural Cadott, WI, offering a rare opportunity to acquire a stabilized, income producing asset with operational consistency.​ The community includes a mix of park owned and tenant owned homes, with all park owned units remodeled within the past five years.​ The property features paved main road access, off-street parking for residents, multiple storage sheds, and no current vacancies.​ Ownership has maintained the property well, with no known major deferred maintenance, creating a strong foundation for both experienced operators and investors seeking stable cash flow within an essential housing asset class.​ Positioned in a rural Wisconsin setting with continued demand for affordable housing options, this property offers the balance of steady performance and long term relevance.​</p>