Mueller & Hoffman, along with Marcus & Millichap, are pleased to present present the exclusive opportunity to acquire Fort Bluegrass MH/RV, an all-age manufactured housing and RV community located in Louisville, Kentucky. The property comprises 198 total sites, including 141 manufactured home sites that are 84% occupied and 57 RV sites, providing both stable income and upside potential through lease-up.

The total offering price is $10,796,869, allocated as $10,370,000 for the real estate and $426,869 for the park-owned homes. This equates to $52,374 per site and represents a 7.50% capitalization rate based on the real estate component only. The community operates on public water and sewer systems, with costs recovered via RUBS (Ratio Utility Billing System), allowing utility expenses to be offset and NOI to be protected from rising costs.

Investment Highlights
198 Total Sites – 141 Manufactured Home sites + 57 RV sites.
Strong Occupancy – Currently 84% of the MH sites are occupied with room for lease-up growth.
Attractive Pricing – $52,374 per site; 7.50% cap rate on real estate.
Utility Cost Recovery – Public water and sewer with RUBS in place.
Diverse Income Streams – Stable MH revenue combined with flexible RV site income.
Strategic Location – Situated in Louisville, KY, a growing metro area with strong demand for affordable housing and transient RV accommodations