Contact Information
Mobile Home Park Details
- Price: Call for Price
- Listing ID: 4411895
- Posted On: Feb 13, 2024
- Updated On: Feb 20, 2024
Description
Sunstone is thrilled to present the exclusive offering of the Joplin portfolio, showcasing four distinctive properties: Hillside Estates, Sherwood Forest, Big Valley Estates, and Shady Lane. Under the stewardship of the current ownership, these properties have undergone significant enhancements, including the infill of 41 homes built in 2018 or later. Additional improvements encompass rigorous enforcement of rules and regulations, the recent paving of roads in three out of the four communities, and the refurbishment of inherited POHs (Park-Owned Homes) upon acquisition.
This portfolio not only offers a compelling investment opportunity but also provides a unique chance to establish a substantial presence in a metropolitan area boasting over 200,000 residents. By continuing the successful infill strategy already in place, this portfolio positions itself to dominate the Joplin market, transforming these assets into the market's premier flagship properties. Offers are due Tuesday, March 12.
Listed by Sunstone Real Estate Advisors in conjunction with Thomas Realty Group, LLC
Location
Value enhancement via infill strategies and rent realignment – 52% current occupancy
2/4 properties on City Utilities
41 Park-Owned Homes built in 2018 or later
MSA population surpassing 200,000
Park Information
Number of MH Lots: | 268 |
Total Occupancy: | 52.0 % |
Average MH Lot Rent: | $277 |