Offered at 9% Cap Rate--

This 4-park portfolio of manufactured housing communities on the Eastern Shore of Maryland and Delaware offers the value-add that investors seek.
*Rent, Occupancy and Lot Expansion Upsides
*92% Occupancy Portfolio-Wide
*POH to TOH Conversion Opportunity
*Value-Add & Cash Flowing—Perfect for 1031
*Semi-Absentee Operation

Average portfolio occupancy is 92%, with average lot rent of $462, based on 166 lots and 2 single-family homes.

Reliance in Rhodesdale, MD is one of the four parks in the portfolio. The others are Tower Court in Denton, MD, and Warwick MHP in Princess Anne, MD. The Maryland parks are listed by Capital Realty Advisors, LLC, and Hilltop in Camden, DE is listed by Delaware-licensed broker JDS Real Estate Services.

Hilltop in Camden, DE, Inc., has immediate upside as two of the 5 lots waiting on new homes have already been permitted—in addition to its 10-lot expansion potential.

Owner’s approach over the years has been to acquire, improve and grow, whether it was paving roads that were gravel only, or pulling out old homes and installing new POH on vacant lots (estimated investment of $5+/- million).

More details available at www.mhparks.sale. Go to the Documents tab and download the executive summary. Sign the confidentiality agreement for financial details and other information about this unique opportunity.

IMPORTANT--This is a confidential sale. Please don’t walk any of the parks or talk to tenants. (Drive-throughs OK.)

Need advice or guidance after settlement? No worries—owner is glad to assist and advise new ownership post-sale as needed.