2 Locations

The MHP Broker is pleased to present the Murphysboro Portfolio — two established manufactured housing communities offered by the same long-term owner in Murphysboro, Illinois. Cinnamon Lane MHP (30 lots) and Smeade Lane MHP (19 lots) are available individually or as a combined 49-lot portfolio at an asking price of $1,064,000, representing a blended basis of approximately $21,714 per lot in a single submarket from a single motivated seller.

Both parks are located in Murphysboro, the county seat of Jackson County and the principal city of the Southern Illinois University Carbondale economic corridor. The SIU Carbondale campus — located seven miles east — anchors a diverse regional employment base that includes Southern Illinois Healthcare, state and county government, and light manufacturing. Demand for affordable housing in this corridor is structural and consistent, with median apartment rents in Jackson County running $700–$800 per month against an all-in tenant cost at these communities of $400–$600 per month.

The portfolio presents two complementary investment profiles. Cinnamon Lane is a stabilized, fully occupied asset with 30 lots, 100% current occupancy, and a documented rent roll generating $120,300 in annual gross collections. Every lot is paying. The value-add is rent normalization: current average lot rent of $214 per month sits well below the prevailing market range for comparable communities in the corridor, and the entire upside is operational — no infill required, no physical turnaround, no new tenants needed. Smeade Lane is the value-add component: 19 lots with city water and city sewer, six park-owned homes physically present on site and available for improvement and lease-up, and a current income stream that already covers debt service at a basis that reflects today's occupancy, not tomorrow's.

The seller is a long-term owner executing a retirement-driven disposition after more than two decades of continuous ownership. Both parks are stable, the tenants are established, and the financials are documentable. This is a clean exit from a motivated seller — not a distressed situation. Seller financing is available for discussion on both parks.