1201 12th Street North, Princeton, MN 55371 For Sale

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. JAMARI RIDORE WITH ANY QUESTIONS [email protected]

The MHP Value Team is pleased to offer for sale Princeton Mobile Home Park, a 23-unit community located in Princeton Minnesota. This asset provides a tremendous opportunity to a new investor, seeking a stabilized community with severely low rents in comparison to the market. Positioned 50 miles from Minneapolis, current operations of Princeton MHP include 19 lot renters paying $303/M, in addition to a single-family home being rented for $825/M, and three vacant lots with infrastructure already in place. The investment strategy for Princeton centers around increasing rents to market rate, which can start to be implemented day one. Lot rents in this market are $589 on average, giving a new investor ~$286 of rental growth opportunity. For further upside, three more tenants can move into the park on the remaining vacant pads, which already have full hook-ups in place. This property offers a stable, fully occupied lot-rent community with operational upside tied primarily to below-market rents.

Located roughly 50 miles from Minneapolis, the asset serves a steady demand base for affordable housing within commuting distance of a major metro.

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.