To download the Offering Memorandum and full financials please click on “See Due Diligence” then fill out the confidentiality agreement. Once don’t you will have immediate access. If you have any questions or interest please reach out to the lead agent Nathan Donnell 314.502.3461 Nathan@mhpvalue.com
SHADYBROOK MHP PRESENTS A COMPELLING OPPORTUNITY TO AQUIRE A STABILIZED, INCOME-
PRODUCING MOBILE HOME PARK WITH SIGNIFICANT UPSIDE STILL ON THE TABLE. LOCATED IN
MARION, INDIANA, ABOUT AN HOUR OUTSIDE OF INDIANAPOLIS, THE COMMUNITY CONSISTS OF
42 TOTAL SITES. THE CURRENT MIX STANDS AT 5 OCCUPIED TENANT-OWNED HOMES AND 23
OCCUPIED PARK-OWNED HOMES, 13 VACANT POHS, AND 1 VACANT LOT. TOH’S ARE AVERAGING
$395/MONTH FOR LOT RENT, AND POH’S GENERATING $395 LOT RENT + $296 HOME RENT,
BRINGING A STEADY CASH FLOW WITH A STABLE AND RELIABLE TENANT BASE. THE CURRENT
OWNERS REHABBED MOST OF THE CURRENT OCCUPIED POH’S, SIGNIFICANTLY REDUCING ANY
NEED FOR IMMEDIATE CAPEX ON OCCUPIED HOMES.
A NEW OPERATOR HAS A CLEAR PATH TO ABOVE-AVERAGE CASH ON RETURNS BY REHABBING AND
FILLING THE VACANT HOMES ADDITIONALLY WITH THE OPTION TO RTO, OR SELL OFF THE POH’S TO
REDUCE EXPENSES AND OFFSET COSTS OF REHABS. WITH CITY UTILITIES SEEING RECENT CAPEX TO
TIE INS, AND A ON-SITE MANAGER WHO IS A VALUABLE ASSET TO THE PARK, THE SOLE FOCUS FOR
THE NEW OWNERS CAN BE ON COMPLETING THE 13 VACANT POH’S TO REWARD THEMSELVES WITH
CASH ON CASH RETURNS IN THE HIGH 20'S BY YEAR 3.
THIS WELL-CARED FOR COMMUNITY IN A LOW-CRIME AREA IS THE PRIME VALUE ADD
OPPORTUNITY FOR INVESTORS SEEKING WELL ABOVE AVERAGE RETURNS WITH A CLEAR STRATEGY
FINISH REHAB OF VACANT POH’S TO RENT, RTO, OR SELL OFF TO REDUCE EXPENSES
STABILIZED TENTANT BASE IN RECENTLY REHABBED POH’S PROVIDING STRONG INCOME TO FUND REHABS
EXCEPTIONAL ON-SITE MANAGER IN PLACE WANTING TO STAY WITH NEW OWNERS
CITY UTILITIES
CASH ON CASH RETURNS WELL NORTH OF 25% IN YEAR 3, COMPLETING 8 REHABS PER YEAR
Date | Event | Document | Price | Price/SF | Sold By | Sold To | ||
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