120 Manufactured Housing Rental Portfolio: Kentucky
• Turnkey 120-Unit Portfolio • 99 Community Sites • 17 Land/Home Sites • 4 Traditional Stick-buil...
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• Turnkey 120-Unit Portfolio • 99 Community Sites • 17 Land/Home Sites • 4 Traditional Stick-built Houses • 66 Community-owned Manufactured Homes • Includes 5 distinct AMH communities with the balance of the portfolio being individual MH land/home sites and traditional stick-built houses delivering operational economies of scale and geographic diversification within Muhlenburg and McLean counties. • Portfolio's scale offers immediate and reliable cash flow across two counties in Western Kentucky. • Located in contiguous Muhlenberg and McLean counties enables centralized management and operations, lower overhead cost and easier oversight. • Local demand for affordable housing supports long-term occupancy stability as well as real rent growth potential. • Strong rent rolls with immediate opportunity to infill vacant lots and to increase rents to market rates. • Seller is the largest independent Manufactured Housing retailer in Western Kentucky and is open to making arrangements with the buyer to provide turnkey lot infill in the coming years. • Diverse mix of single and double-wide homes appeals to a broad range of tenants seeking quality, affordable living. • Well-maintained sites with long-term residents and stable occupancy underscore the desirability of these communities. • Muhlenberg and McLean Counties have diversified economies with a stable and growing employment base.
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