Auburn Ridge Woods
Mobile Home Park in Auburn with Proforma cap rate of 13%+
Marketing description
Turnkey investment opportunity in Auburn with strong in-place income and clear upside. Fully occupied 44-unit mobile home park with a waiting list, low vacancy risk and consistent demand. Unit mix includes 23 spaces, 10 park-owned mobile homes, 9 park-owned cabins, and 1 duplex, providing multiple income streams. Stable tenant base with long-term occupancy (many 15+ years) supports predictable cash flow. Recent upgrades to water and septic systems reduce future capital expenses. All utilities are sub-metered, helping control operating costs. Current cap rate is 7.64%. Pro forma cap rate exceeds 13% by aligning rents with market levels. Additional $600K+ value-add potential through repositioning and optimizing park-owned units. Clean, stable asset with strong yield and upside, built for long-term hold or strategic value-add execution.
Investment highlights
-9 park-owned cabins ranging from studios to 1-bedroom units, 1 park-owned duplex featuring two 1bed/1bath units, and 10 park-owned mobile homes. The park-owned mobile homes give investors the option to achieve higher monthly income with rents rather than only the space fee, as well as the option to sell each mobile home providing immediate cash while still collecting a space fee.
-Water supplied by private well, sewer supplied by private septic, gas and electric billed to tenants directly.
-Park amenities include a fenced park for children, fenced dog-park, onsite laundry, and leasing office.
-Well-maintained common areas providing convenient signage, aesthetic fountains, and pleasing landscaping.
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