Listed by NAI Martens
Unpriced
Brookings Area MHC's - 293 Spaces
Details
Property Type Mobile Home Park
Pads 293
Occupancy 86%
Pro-Forma Cap Rate 7.00%
Acreage 43.700
Investment Type Stabilized
Brookings Area MHC Portfolio - 293 Spaces
Marketing description
Five MHC properties clustered in and around Brookings, SD. These clean, well-managed properties feature all public utilities. The properties trail competing properties on rental rates, leaving measurable upside for the next owner. SD Broker of Record - Mike Orr, Meadowlark Investment Brokerage.
Investment highlights
Below Market Lot Rents
86% Occupancy - Stabilized, but Upside through Infill
55 Park Owned Homes - Mostly Late Model
All Public Utilities
Listing Contacts
Listed by NAI Martens
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