

Maple City MHP
39-Unit Mobile Home Park featuring City Water & Sewer and a Majority of Tenant-Owned Homes
Marketing description
BACK ON MARKET — The MHP Value Team is pleased to reintroduce Maple City MHP to the market and offer for sale a 39-unit mobile home community with additional income potential from on-site storage.
The community consists of 27 occupied tenant-owned lots generating an average lot rent of $350 per month, one occupied rent-to-own home producing $590 per month, three vacant park-owned homes, and one vacant storage building that can be rented for $400 per month. The property also includes seven vacant lots with existing infrastructure in place, creating a clear path for infill and NOI growth. The asset is currently operating at 71.79% economic occupancy, representing a stable, cash-flowing community with meaningful value-add potential through infill and improved utilization of existing assets.
The investment strategy for this community centers on infill of the remaining vacant lots, continued stabilization of in-place operations, and maximizing ancillary income through the existing storage facility. With solid current cash flow and clear operational upside, a new owner can increase NOI while maintaining a stable resident base.
Additionally, the seller is willing to hold a $100,000 second-position lien note as part of the transaction structure, providing enhanced leverage and reducing the buyer’s upfront equity requirement. This financing component further strengthens the overall investment profile and supports a smoother path to stabilization and value creation.
This offering represents an opportunity to acquire a well-performing mobile home park with immediate monthly income, structured financing support, and multiple value-add levers, including infill and ancillary revenue growth.
Investment highlights
Infill Upside with Infrastructure in Place. 7 vacant lots with existing utilities offer a clear path to drive NOI through infill without major upfront infrastructure costs.
Strong In-Place Cash Flow. 27 tenant-owned homes paying an average of $350/month provide stable, predictable income with minimal management intensity.
Multiple Value-Add Levers. Opportunity to monetize a vacant storage building at ~$400/month, bring 3 park-owned homes online, and improve overall economic occupancy.
Attractive Basis with Stabilization Potential. Currently operating at ~72% economic occupancy, allowing a new owner to increase cash flow through operational improvements and asset optimization.
Seller-Carried Second Lien Available. Seller willing to hold a $100,000 second-position note, reducing upfront equity requirements and enhancing overall deal structure.
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