A Street, Springfield, MO 65807 For Sale

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT PHILLIP LI WITH ANY QUESTIONS [email protected] OR 929.313.9148.

The MHP Value Team is pleased to offer for sale a confidential, 124-site manufactured housing community located in Springfield Missouri.

The offering consists of two adjacent mobile home parks situated on contiguous parcels totaling 124 sites. The property is currently operating at 93.5% occupancy with 118 occupied lot renters and 6 vacant lots. The seller will lease back the remaining 6 lots at $405 a month until occupied with a qualified tenant and deliver a 100% occupied tenant-owned home community. Average lot rent is ~$406 per month, significantly below competing communities in the surrounding market, where lot rents commonly exceed $500 per month.

The investment strategy centers on capturing substantial rental upside and leasing the remaining vacant sites. Ownership has maintained strong occupancy while leaving room for rent growth. The underwriting projects an increase in NOI from $440,460 to over $553,000 within the first three years through lease-up and continued rent adjustments toward market levels. There is also moratorium on new mobile home park development within Greene County, creating a significant barrier to entry and limiting future competitive supply.

With affordable housing demand continuing to outpace available inventory, investors have the opportunity to acquire a large-scale community with built-in occupancy, immediate revenue support from the seller, and substantial long-term rental growth potential.

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.