Seeking Capital Partner for MHP Acquisition
Looking for a capital partner to close on a strong cash-flowing 42-lot Mobile Home Park with immediate upside. 2.5X return on investment Deal Highlights: • Chicagoland MSA • 42 total lots • 26 currently occupied (built-in infill upside w/ remaining 16 Lots) • All Tenant-Owned Homes (TOHs) – low maintenance, stable cash flow • Utilities - Electric (Direct Bill) - 200/100 amp service - W/S/T ( Sub-Metered / Billed Back) • Current lot rent: $665/month • Area Ave. Lot Rents: $920/month (Upside) • 12.7% cap rate on actual financials (not pro forma)