229 Ricker Rd
Low maintenance investment opportunity. 5.5 acre mobile home park. 11 lots, 2 mobiles owned.
Marketing description
Don’t miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation.
The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86,700 and a net operating income of $74,223, making this an ideal addition to an investment portfolio.
The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by two septic systems with leach fields, and all homes are connected to underground electrical service with individual meters, providing efficient utility management.
With 5.5 acres, the property may offer future expansion potential, subject to buyer verification with the local municipality, creating an exciting opportunity to increase value over time.
Whether you’re looking to expand your manufactured housing portfolio or invest in one of the real estate market’s most resilient asset classes, this turnkey community offers the perfect blend of stable income, low operating expenses, and room for future growth.
Investment Highlights
- 5.5± acre mobile home park
- 11 total sites (2 park-owned, 9 tenant-owned)
- Annual Gross Income: $86,700
- Net Operating Income: $74,223
- Underground electrical service with individual meters
- Pump house with updated electrical and two new expansion tanks
- Sand/salt storage and utility storage
- Additional overhead storage above pump house
- Two septic systems with leach fields
- Potential expansion opportunities (buyer to verify)
Strong cash flow. Low-maintenance ownership. Future growth potential. Opportunities like this are increasingly difficult to find.
Investment highlights
A rare opportunity to acquire a cash-flowing 11-site manufactured housing community situated on 5.5± acres in a peaceful, rural setting with potential for future growth. Featuring a desirable mix of 2 park-owned homes and 9 tenant-owned homes, this property offers investors a stable income stream with lower maintenance responsibilities and operating expenses.
The community has benefited from key infrastructure improvements, including a pump house with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional loft storage above the pump house. The property is serviced by two septic systems with separate leach fields, while underground electrical service and individually metered homes simplify utility management and reduce operating costs.
With 5.5 acres, the property may offer future expansion potential, subject to buyer due diligence and municipal approvals.
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