The Esterson MHC Team is pleased to present Chaffee Creek MHP, a stabilized 12-unit manufactured housing community located in Jacksonville, FL. This investment offers in-place cash flow with immediate upside through market rent adjustments and infill of vacant lots.

Jacksonville is the most populous city in Florida and one of the fastest-growing metros in the Southeast. The market benefits from a diverse economy anchored by logistics, finance, healthcare, and the Port of Jacksonville, along with a strong military presence. Population growth and business-friendly economic conditions continue to fuel demand for affordable housing. With median three-bedroom apartment rents well above $1,800 per month in the Jacksonville MSA, manufactured housing remains an attractive, lower-cost alternative for families and workforce residents.

Chaffee Creek MHP consists of 12 total units, including 8 tenant-owned homes (TOH), 1 rented single-family home (SFH) at $1,500 per month, 1 vacant park-owned home (POH) underwritten at $650 per month, and 2 vacant mobile home lots underwritten at $700 per month. Current average TOH lot rents are $568.75 per month, with upside potential through lease-up of the vacant POH and infill of the two vacant pads at market rates.

The park is serviced by public water (billed back to tenants), private sewer (1:1 septic, included in rent), and curbside trash (direct billed). Electric and gas are direct billed to tenants. The landlord maintains the common areas, resulting in a simple operating structure with low expense burden. Roads are gravel, infrastructure is stable, and the park is not located in a flood zone.

This opportunity is being offered at $750,000, with pro forma financials supporting a stabilized NOI of approximately $78,822 and a 10.5% cap rate on market rents. Minimal capital expenditures are anticipated, estimated at $1,800 per lot (~$21,600 total). The park’s straightforward utility setup, low management intensity, and upside through rent growth and infill make it an ideal investment for buyers seeking stable cash flow and value-add potential in a top-performing Florida market.

All offers must include purchase price, inspection timelines, appropriate terms, proof of funds, and relevant real estate experience.