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)
3
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Samuel Mack
3
Seeking Capital Partner for MHP Acquisition
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