1203 S McGehee St, Poplarville, MS 39470

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Please reach out to Michael Lepore with the MHPVALUE team directly at 978.494.2689 or [email protected] for any questions about the listing or for assistance with accessing the offering memorandum and confidentiality agreement.

Poplarville MHP, a 28-site mobile home community located in Poplarville,

MS, approximately one hour north of New Orleans.

The park features 28 total sites, with 24 occupied park-owned homes

averaging $514 per month (lot + home rent) and 2 vacant lots with full

infrastructure ready for infill. The homes are primarily 1980s–1990s models

with several early 2000s units. The City of Poplarville provides water and

sewer, and is currently paid for by ownership across three meters, with

upside to either implement a flat utility bill-back or submeter to fully pass

the expense onto tenants. Electric is submetered and billed directly to

tenants, and trash service is provided via one dumpster emptied twice

weekly. Roads are gravel, recently regraded, and maintained by the park.

The investment strategy is to raise home rents that have not been increased

in years and sit well below market, with clear near-term upside into the

$600–$650+ range. An investor can raise rents directly, package the

increase into RTO agreements with tenants, or potentially sell off the homes

and establish market lot rent of $400+. An additional value-add opportunity

exists with utility upside through either a bill-back program or

submetering. With the park offered at $750,000, or $26,786 per site,

Poplarville MHP provides an attractive entry point with a current combined

cap rate of 9.84% and the potential to achieve well above-average returns

through rent increases, utility recovery, and gradual POH reduction.