Reed MHP
MHP | 20 Units | Columbia MSA
Marketing description
The MHP Value Team is pleased to offer for sale Reed MHP, a 20-unit manufactured housing community located in Columbia, Missouri.
The community consists of 18 park-owned homes and 2 commercial units, providing investors with a stable and diversified income stream. The park-owned homes are currently renting for $785 per month, with the seller increasing rents to $810 per month prior to closing. The two commercial units each generate $1,250 per month in rental income. The property is serviced by all municipal utilities, minimizing operational responsibilities and reducing infrastructure risk.
Reed MHP presents investors with an attractive value-add opportunity through continued rental growth. Market rents for comparable park-owned homes in the Columbia market support monthly rents of up to $900, providing a clear path to increasing cash flow. The property's strong occupancy, desirable location within one of Missouri's strongest rental markets, and upside through rent increases make it an appealing investment for both new and experienced manufactured housing investors.
Investment highlights
- Strong In-Place Cash Flow – 20-unit community featuring 18 park-owned homes and 2 commercial units, providing a diversified and stable income stream.
- Immediate Rent Growth – Seller will increase park-owned home rents to $810/month prior to closing, with additional upside to approximately $900/month based on market rents.
- All Municipal Utilities – Water, sewer, and other utilities are municipally serviced, reducing infrastructure maintenance and long-term capital expenditures.
- Prime Columbia, MO Location – Situated in one of Missouri's strongest and fastest-growing rental markets.
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