744 COUNTY ROUTE 10 SCHROEPPEL NY 13132, SCHROEPPEL, NY 13132

The MHP Value Team is pleased to offer Sand ridge MHP, a 194-site mobile home community located in Schroeppel, NY.

The property includes 71 tenant-owned homes at $360/month, 20 vacant park-owned homes, and 103 vacant lots. Of the 20 Park Owned Homes, 10 will need to be demolished, the other 10 will need moderate to heavy rehab. To be clear, this is an infill-type opportunity priced based on the value of existing infrastructure. The park is priced at $17,000 per site—well below the true development cost of building a community of this size from the ground up.

The investment strategy focuses on renovating and leasing or selling vacant park-owned homes, and infilling the vacant sites. Comparable remodeled homes (1970s–1990s vintage) in the area have sold for $40k+, supporting infill and renovation economics.

The park is served by well water and on-site septic, with two large tanks servicing the community. Sandridge MHP offers day-one cash flow with clear upside from utility reimbursements, occupancy gains, and infill in a metro area of 650,000+ residents, supported by Micron’s planned $100B investment creating 9,000 direct jobs and 50,000 indirect jobs over the next 15 years. The deal presents a clear path to double-digit cash-on-cash returns day one and an estimated ~25% IRR.

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.