The Oaks Mobile Home & RV Park

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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.

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.

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.

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.