Saks MHP

*The seller is not interested in holding paper or creative financing.*

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Saks MHP, a 79-site manufactured housing community in Rochester, New Hampshire, within the highly desirable Seacoast region of New England. Set on approximately 16.97 acres, the community comprises 32 resident-owned home sites, 40 community-owned homes, and one apartment, alongside six vacant lots, providing multiple avenues for revenue growth.

The property currently operates at approximately 88.6% occupancy, balancing in-place cash flow with value-add upside.

Significant runway exists through infill, rent growth, and operational improvements. Six vacant lots are ready for immediate infill, and two recently rehabbed community-owned homes are being marketed for lease. Current average site rents of approximately $565/month sit roughly $145 below other Rochester, NH communities.

The 40 community-owned homes create the opportunity for rent-to-own programs and selective conversions to resident-owned homes, reducing operating expense and improving long-term margins.

Underwriting anticipates occupancy increasing from 88.6% to 100% through absorption of vacant lots and available homes. As occupancy improves and rents align with market, projected annual revenue grows from approximately $668,000 to more than $1,048,000 by Year 3, while NOI grows from approximately $304,000 to more than $625,000, more than doubling the property’s cash flow profile.

Located along the Spaulding Turnpike corridor, Saks MHP offers convenient access to Portsmouth, Dover, Manchester, Portland, and Greater Boston. With substantial infill potential, below-market rents, and a strategic location in one of New England’s strongest economic corridors, Saks MHP represents a compelling value-add opportunity for regional and institutional operators alike.