4915 US HIGHWAY 80 E Selma AL 36701-8118

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 201-site Hidden Acres Mobile Home Community, an ideally located affordable housing opportunity in Selma, Alabama, situated along U.S. 80—a key regional corridor in the Southeast connecting to I-65— just 45 miles from the state capital Montgomery.

Hidden Acres is inclusive of 17 occupied tenant-owned homes, 50 park-owned homes (of which 13 are occupied), and 173 vacant sites. The property will require targeted capital improvements, including road resurfacing and rehabilitation of vacant park-owned homes to enhance overall quality and marketability. These upgrades present an opportunity to increase occupancy, improve resident experience, and drive long-term value creation.

Hidden Acres MHC provides investors with expertise in stabilization and operations a prime value-add opportunity.

The asking price for the park is $2,300,000 ($11,443/total site). This represents a 28.1% cap rate on stabilized.

Upside Highlights:

• Maximize Profit through POH Sales: Generate capital and reduce future expenses/reserves by divesting the 50 existing Park Owned Homes (13 occupied, 37 vacant) to their tenants.

• Market-Rate Rental Upside: There is an opportunity to significantly increase the current average rental rates to align with prevailing market rents

• Quick Occupancy Win: Quickly increase occupancy to 32% by focusing on leasing the 37 currently vacant park-owned homes.

• Improved Expense Management: As revenue grows from the infilling process, the expense ratio is projected to improve substantially, leading to a significant increase in the overall yield on cost.

• Accelerated Lease-Up Strategy: Utilizing a home rental model (instead of just lot rental) is a viable option to shorten the time required for lease-up and potentially enhance investment returns.

Location Highlights:

• Located within 45 miles of Montgomery, a major employment hub, 84 miles of Tuscaloosa, and 94 miles of Birmingham.

• The Montgomery metro area, with a population over 700,000, continues to experience economic growth driven by sectors such as manufacturing, logistics, and healthcare.

• Key employers include Hyundai Motor Manufacturing Alabama, the State of Alabama, Baptist Health, and the Montgomery VA Medical Center, providing strong job stability in the region.

• Expanding logistics infrastructure, supported by major investments from companies like Amazon, has fueled growth in distribution centers and warehouses, enhancing regional connectivity and opportunity.