Spring Park MHP
11-Lot Mobile Home Community Located in Magnolia, KY
Marketing description
Link to Deal Room: https://www.marcusmillichap.com/properties/200573/spring-park-mhp
Marcus & Millichap has been selected to exclusively market for sale the Spring Park Mobile Home Park in Magnolia, KY. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the heart of Kentucky.
Spring Park MHP is a low‑density, 5.51 acre mobile home community featuring eleven tenant‑owned home lots, offering stable income with minimal management needs. The property provides ample open space and straightforward operations while serving long‑term residents in a quiet Magnolia setting with convenient access to Hodgenville and Elizabethtown.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Spring Park MHP.
Investment highlights
5.51 acre mobile home community offering low‑density layouts
The property consists of 11 total lots, with 10 tenant‑owned homes currently in place.
The property is on city water
Lots are individually metered for electricity and put in tenants names
Septic tank pumped once a year
Large lots and open space create flexibility for long‑term improvements or additional lot development
Quiet rural setting appealing to long‑term residents while remaining close to amenities in Hodgenville and Elizabethtown
Magnolia benefits from low cost of living and steady workforce demand throughout LaRue County
Opportunity to acquire an affordable, easy‑to‑manage asset in a supply‑constrained Central Kentucky mobile home market
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