414 Abens Ave, Henry, IL 61537

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The MHP Value Team is pleased to present Autumn Ridge Estates & Storage, a

diversified manufactured housing and storage community located just outside Henry,

Illinois within the Peoria Metropolitan Statistical Area. The property offers a healthy

mix of manufactured housing, apartments, and self-storage income streams within a

stabilized community that provides both immediate cash flow and clear long-term

upside.

The property consists of 16 tenant-owned home sites, 16 park-owned homes, 2 rent-to-

own homes, 2 apartment units, and 28 newly constructed self-storage units, along

with 22 vacant manufactured housing pads that are already serviced with utilities and

ready for infill. Currently generating approximately $316,361 in annual top-line

income, the community benefits from diversified revenue streams and consistent

demand for affordable housing in the surrounding market.

Recent improvements include the installation of new park-owned homes and the

development of 28 brand-new storage units, creating a stabilized operating base

while preserving significant value-add potential. A clear investment strategy exists

through the gradual infill of the remaining vacant manufactured housing pads, which

already have utilities in place. Under conservative underwriting assumptions of five

home infills per year coupled with gradual rent increases of approximately 5%

annually, projections indicate the potential to achieve average IRRs reaching 22-24%

during years 4–6 of the investment period, driven primarily by organic occupancy

growth and steady rent appreciation.

Autumn Ridge Estates & Storage offers stabilized income supported by a healthy unit

mix, with a clear path to above-average returns through the infill of vacant sites and

gradual rent increases.

Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.