Rolling Hills MHP

<p><strong>TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”.​ CONTACT JAMARI RIDORE WITH ANY QUESTIONS JAMARI@MHPVALUE.​COM</strong></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The MHP Value Team is pleased to offer for sale South Park, a 25-site mobile home community and one commercial unit located in Des Moines, Iowa.​ </span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The owner has invested north of $1.1M in community improvements since 2020.​ Upgrades include new PEX water lines, sewer lines, electrical runs, and full paving throughout the park.​ Each home has been remodeled with new paint, skirting, and modern interiors featuring updated amenities.​ Before closing, the owner plans to spend an additional ~$20,000 to seal coat the roads and finish remodeling the remaining 2 vacant homes on site.​ New concrete patios and driveways have been introduced to each home, and bedrock was placed between units to reduce landscaping costs.​ </span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The park currently consists of 22 rent-to-own (RTO) homes with an average lot rent of $655/month and an average remaining balance of about $27,000 per home.​ Each RTO tenant pays an additional $291/month toward ownership, typically with over 10 years remaining on their notes at 9% interest.​ There are now only 3 vacancies within the asset which include the two vacant park-owned homes and the existing vacant lot with full utility infrastructure in place.​ There is also one-occupied commercial unit $2100/month (Gross Lease)</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)"> The investment strategy for South Park centers around infilling the remaining homes and raising rents to market.​ For further value, an investor can also bring one additional home on site to then infill, increasing cash on cash returns further.​ A park operator has the opportunity to acquire a majority RTO community with favorable seller financing.​</span></p><p></p><p><strong>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>TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”.​ CONTACT JAMARI RIDORE WITH ANY QUESTIONS JAMARI@MHPVALUE.​COM </strong></p><p></p><p>The MHP Value Team is relaunching Lakeside Living Mobile Home Park, a 41-unit community located in Colo, IA.​ The seller has lifted the consent order on lagoons (see regulator contact info and communication in DD materials) and filled two vacant sites.​</p><p></p><p>This asset offers immediate cash flow and room for growth, featuring 27 tenant-owned homes paying $440 per month, 9 long-term RV renters paying $440/month, a rentable 1,200 sq.​ ft.​ shop projected to bring in $500+ per month, and 4 vacant lots equipped with full infrastructure for easy infill.​ The seller has also spoken with the county about developing the front and east sides of the park, and based on initial conversations, the town has been supportive, as the lagoon capacity can accommodate the expansion.​</p><p></p><p>The investment strategy for Lakeside Living centers on bringing rents to market rate, renting out the repair shop, and infilling the remaining 4 vacant lots, all of which have existing utility hookups.​ Beyond that, an operator can further increase revenue by expanding the community’s lot count through the addition of new homes on the unused land.​</p><p></p><p>An investor has the opportunity to acquire a stabilized 100% TOH community that has room for expansion and an entry cap rate of 10.02%.​</p><p></p><p><strong>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>TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”.​ CONTACT JACOB LEWIS WITH ANY QUESTIONS JACOBL@MHPVALUE.​COM</strong></p><p></p><p>The MHP Value Team is pleased to offer for sale Oaks Mobile Home & RV Park, a 36-site community located in Independence IA.​ This property currently operates with 17 occupied lot renters paying $385/M, 6 long-term RV sites paying $225/M, 3 rent-to-own units paying $723/M on average, 3 occupied park-owned homes paying $728/M on average, 1 single-family home rented for $900/M, and 6 vacant lots all equipped with full infrastructure.​</p><p></p><p>Oaks MHP presents an attractive opportunity to acquire a cash-flowing manufactured housing community in Independence, Iowa which offers investors an attractive entry Cap rate of 10.57%, while also offering stable in- place cash flow of 15.56% CoC Returns.​</p><p></p><p>A new owner can grow NOI through rent increases, occupancy improvements, and utility reimbursement, providing clear opportunities to increase cash flow over the hold period.​</p><p></p><p><strong>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>TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”.​ CONTACT JAMARI RIDORE WITH ANY QUESTIONS JAMARI@MHPVALUE.​COM</strong></p><p></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The MHP Value Team is pleased to offer for sale Shady Oaks Mobile Home Park, a 33-site mobile home community located in Cresco, IA.​ </span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">This offering represents a rare opportunity to acquire a fully occupied, stabilized asset comprised entirely of lot renters, delivering immediate and consistent in-place cash flow.​</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)"> Currently operating at 100% occupancy, all 33 sites are tenant-owned homes paying $277 per month in lot rent.​ This property benefits from city water and sewer services, minimizing operational complexity and reducing infrastructure risk for a new owner.​ With rents being ~$125</span></p><p><span style="color: rgba(0, 0, 0, 1)">below market, the park presents a clear and executable path to revenue growth through gradual rent adjustments.​ </span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The investment strategy includes maintaining the park’s strong occupancy while implementing measured rent increases to bring current rents in line with the market.​ Given the stability of the tenant base and full occupancy, this upside can A new investor has the opportunity to acquire a 100% lot rent community with rents way below market.​ Doing a $100 rent bump will bring cash on cash returns north of 12% year 1 community, while potentially having redevelopment opportunity down the road as the city needs wants to greenlight a multifamily development in one of the parcels.​</span></p><p></p><p></p><p><strong>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>The subject community features 14 lots, with 13 homes and one garage currently on site.​ There are seven park owned homes and six tenant owned homes.​ Lot rent is currently slightly below market at $330 per month, and park owned homes average $605 per month above lot rent.​ The property is currently 92% occupied, offering new ownership an easy transition into an established community.​</p><p></p><p>Currently there are seven park owned homes, all of which are occupied.​ The park owned home rents average $605 above lot rent.​ See below for the location, year, and make of the park owned homes:</p><p></p><ul><li>​<p>Lot 1: 1999 Duchess</p></li></ul><ul><li>​<p>Lot 2: 2000 Commodore</p></li></ul><ul><li>​<p>Lot 5: 1995 Dutch LTD</p></li></ul><ul><li>​<p>Lot 8: 2024 Adventure</p></li></ul><ul><li>​<p>Lot 9: 1994 Skyline</p></li><li>​<p>Lot 11: 1973 Mark II</p></li></ul><ul><li>​<p>Lot 13: 2004 Redman</p></li></ul>

<p><span style="color: rgba(51, 51, 51, 1)">This 20 lot park currently has 11 mobile homes and 1 single family home on the property.​ Lot rent is $200/month.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">There is one park-owned home on the property that rents for $420/month.​ The POH is a 1983 Marshfield home.​</span></p><p><span style="color: rgba(51, 51, 51, 1)">The single family home includes a 2-car detached garage and is currently being rented for $510/month in August.​ The roof was replaced in 2016 and the current owners have windows for the top floor of the home that will be included in the sale.​</span></p><p></p><p><span style="color: rgba(51, 51, 51, 1)">The park is serviced by rural water supply that is billed back to the tenants each month and a septic pond.​ Garbage is serviced by a dumpster that is paid for by the park owners.​ All other utilities are direct billed to tenants.​</span></p><p>Current ownership has updated electrical, placing most wiring underground within the last 5 years.​ Each lot is equipped with 100-200 amp service.​</p><p></p><p><span style="color: rgba(51, 51, 51, 1)">The current owners are responsible for mowing the vacant lots, road maintenance (gravel road), tree trimming, and snow plowing.​ Tenants are required to maintain their own lots and lawns, a $30 fee is assessed for any tenant who does not mowing their lawn.​</span></p><p></p><p></p><p></p>