Portville Estates MHC Portfolio

<p><strong>To view the address, financials, and information please click “See Due Diligence” then sign the Confidentiality Agreement.​ You will have immediate access to download the information once done.​</strong></p><p>If you have any questions please contact Fabio Bari, Fabio@mhpvalue.​com, 516.578.8296</p><p></p><p><strong style="color: rgba(6, 34, 57, 1)">Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities.​ We appreciate your interest and enthusiasm.​ Please note that we work exclusively with qualified, verified buyers.​ Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment.​ We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.​</strong></p>

<p><strong>THIS</strong> <strong>IS A CONFIDENTIAL HYBRID RV / MHP LISTING IN NEW YORK.​ TO VIEW FINANCIALS CLICK VIEW OM* OR **SEE DUE DILIGENCE”, SIGN THE CONFIDENIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS.​</strong></p><p><strong><u>Please reach out to Gerard Aroneo withth the MHPVALUE team direct at 908.305.0094 or Gerard@mhpvalue.​com for any questions about the listing or assitance with the offering memorandum and confidnetiality agreement.​</u></strong></p>

Mobile Home Park | 10.80% CAP

Mobile Home Park | 8.49% CAP

<p>***Financials corrected on 03-10-2025***</p><p></p><p><span style="color: rgba(51, 51, 51, 1)">Amity Estates MHC is a two-park manufactured housing portfolio located in Belmont and Angelica, NY (Allegany County).​ Situated just six miles apart, these turnkey, income-producing communities offer a combined 34 pads, with 30 currently occupied, presenting an immediate cash-flow opportunity.​ Both parks feature on-site management and maintenance personnel, ensuring smooth day-to-day operations.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Angelica, NY MHC<br>145-165 East Main Street, Angelica, NY 14709</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Built 1968<br>•3.2 Acres<br>•13 Pads (all occupied) accommodating 14x70 trailers<br>•10 POH ($750/month average), 3 TOH ($450/month average)<br>•Recent Rent Increase: 2024<br>•Utilities: City water (back billed), private septic, tenants pay individual gas & electric<br>•Infrastructure: PVC water lines, 100-amp pedestals, metered utilities<br>•Roads: Gravel (fair condition, maintained by park)<br>•Tenant Responsibilities: Lawn care; manager handles snow removal<br>•Leases: Annual leases; rent collection via direct deposit, Section 8, DSS</span></p><p><span style="color: rgba(51, 51, 51, 1)">Recent Improvements:</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Four POH renovated<br>•New septic tank (2023)<br>•Skirting/flooring updated on most trailers<br>•Gravel added to roads</span></p><p><span style="color: rgba(51, 51, 51, 1)">Future Value-Add Potential:</span></p><p><span style="color: rgba(51, 51, 51, 1)">Continued road improvements, power washing & painting POH, and one additional trailer renovation.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Belmont, NY MHC<br>5425 Trianna St, Belmont, NY 14813</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Built in 1970<br>•6.4 acres<br>•21 Pads (17 Occupied) accommodating 14x70 trailers<br>•16 POH (14 occupied, $600/mo avg.​), 1 TOH ($650/mo avg.​)<br>•Last Rent Increase: 2022<br>•Utilities: City water, private septic, tenants pay direct gas/electric<br>•Infrastructure: PVC water lines, 100-amp pedestals, metered utilities<br>•Roads: Gravel (fair condition, maintained by park)<br>•Tenant Responsibilities: Lawn care; manager handles snow removal<br>•Leases: No formal leases; rent collection via direct deposit, Section 8, DSS</span></p><p><span style="color: rgba(51, 51, 51, 1)">Recent Improvements:</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Four POH renovated<br>•Two brand-new septic tanks ($20,000 investment)<br>•New gravel throughout park (2023)<br>•New furnaces, stoves, and ovens in POH<br>•Eviction of two non-paying tenants</span></p><p><span style="color: rgba(51, 51, 51, 1)">Future Value-Add Potential:</span></p><p><span style="color: rgba(51, 51, 51, 1)">Additional tree removal at front of park, continued road maintenance.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Amity Estates MHC (Investment Highlights)</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Immediate Cash Flow – 30 occupied units across both parks<br>•Value-Add Potential – Room for rent increases and continued infrastructure upgrades<br>•Established Operations – On-site management & maintenance in place<br>•Tenant-Paid Utilities – Tenants cover electric, gas, and water (Belmont); water back billed in Angelica<br>•No Major Infrastructure Additions Needed – All vacant pads are ready for infill.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Amity Estates MHC presents a rare opportunity to acquire two stabilized parks in a growing rental market.​ With established cash flow, operational efficiencies, and future upside potential, this portfolio is ideal for both experienced investors and those looking to expand their MHC holdings.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Jennifer Stein is the Listing Broker for this listing and is licensed in the State of NY under LIC#10351218792.​ Jonathan Fisher is an out-of-state cooperating broker who is licensed in the State of Illinois under Lic#</span><a href="471.020503." target="_blank"><span style="color: rgba(51, 51, 51, 1)">471.020503.​</span></a></p><p></p><h3><strong><span style="color: rgba(51, 51, 51, 1)">Location</span></strong></h3><p><span style="color: rgba(51, 51, 51, 1)">Belmont is centrally positioned in Allegany County, offering easy access to major routes such as State Route 19 and Interstate 86, which connect to larger cities like Buffalo, Rochester, and Erie, PA.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">Here are some of the largest employers in the county:</span></p><p><span style="color: rgba(51, 51, 51, 1)">•Alfred State College – A public college offering a range of associate and bachelor's degree programs.​<br>•Alfred University – A private university known for its programs in engineering, art, and business.​<br>•Allegany County Government – The county's administrative body, providing various public services.​<br>•Ljungström ARVOS Group – Located in Wellsville, this company specializes in designing and manufacturing heat exchangers for industrial applications.​<br>•Allegany Arc – An organization offering services and support to individuals with developmental disabilities.​<br>•Jones Memorial Hospital – A healthcare facility providing medical services to the county's residents.​<br>•Saputo Dairy Foods USA – Operating in Friendship, this company is involved in dairy product manufacturing.​<br>•Dresser-Rand – Also located in Wellsville, Dresser-Rand is a global supplier of custom-engineered rotating equipment solutions for various industries.​<br>•Wellsville Central School District – The public school system serving the Wellsville area.​<br>•Houghton College – A private Christian liberal arts college located in Houghton.​</span></p>

Mobile Home Park | 10.55% CAP