Grove Neighborhood | 9 Home Workforce Housing Community
Grove Neighborhood | 9 Home Workforce Housing Community Why:
Marketing description
Rare opportunity to acquire a 9 home workforce housing community situated on approximately 2.23 acres in Athol, Idaho. Unlike many traditional mobile home parks, ownership includes all 9 rental homes and 11 city lots. Property consists of 6 singlewide homes and 3 doublewide homes, all separately metered with tenants paying their own utilities, lawn care, and snow removal, helping keep operating expenses low. Each home includes a fenced yard and storage shed, creating more of a neighborhood feel than a typical park. Current gross rents total $15,000/month and the property is currently 100% occupied w/ established management in place and available to the next owner. Ownership has extensively updated the units over time, addressing deferred maintenance and improving overall condition. Includes 2 additional developable lots, offering future upside through expansion or resale. Financials available upon request. Please do not disturb tenants.
Investment highlights
Ownership includes both the homes and the land, creating a rare opportunity to acquire a stabilized workforce housing community rather than a traditional mobile home park. The property consists of 9 rental homes situated on 11 city lots, with 2 additional buildable lots providing future expansion or resale potential. All homes are separately metered, with tenants paying their own utilities, lawn care, and snow removal, helping keep operating expenses low. The community is 100% occupied, generates $180,000 in annual gross rental income, and includes established management available to the next owner. Significant capital improvements have been completed, allowing a new owner to focus on operations and growth rather than deferred maintenance.
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