Contact Information

Fabio Bari

MHP Value

CONTACT SELLER

Price: $410,000
Purchase Method: Cash, Seller Financing, New Loan
Listing ID: 7039742
Posted On: May 29, 2026
Updated On: May 29, 2026

Description

Myers MHC is a 6-site mobile home community located in Hancock, Maryland.

The community has one lot renter and five POH rentals with gross lot rent at $550 and gross POHs renting for $1,058 on average. All POHs have been fully renovated.

The community is served by public water and sewer, both billed back directly to tenants. Current owners have installed new 200 amp electrical service at each site and recently repaved the roadways.

The investment strategy for this community centers around benefiting from the existing high cash flows of the asset or selling off the park owned home and converting them to rent to owns over time to reduce expenses further.

An investor has the opportunity to purchase a turnkey operation to enter into the MHP space or add to an existing portfolio at an 11.68% Cap Rate and 17% Cash on Cash return.

Location

Myers MHC is located within the historic town of Hancock of Washington County
in the Hagerstown-Martinsburg, Metro. The area is known for its ideal blend of
city and country life with various recreational, cultural and educational
opportunities. The location of Myers MHC offers a variety of educational
opportunities. Within a 70 mile radius of Hagerstown, there are more than 30
institutions of higher learning. Nearby Hagerstown Community College has a
total enrollment of 4,156 and is also a major area employer, with over 890
employees. Also located close by, the University System of Maryland at
Hagerstown includes programs from Frostburg State University, Salisbury
University, Towson University, University of Maryland College Park and University
of Maryland University College.
The regional workforce of 500,000+ has made the county a choice location for
manufacturers, financial services, and distribution companies. Conair opened
its new logistics facility in May of 2024 - the largest facility in the state. The
consumer products company processes deliveries for customers from Target
retail stores and Amazon. The 2.1 million-square-foot distribution center is
expected to create approximately 700 full-time jobs during the next 10 years.
Bustling downtown Hancock is filled with quaint restaurants, several parks, and
cultural attractions including the B&O Canal, Potomac River fishing and boating,
Civil War historical sites, and various local shops. Many shops are centrally
located on the town’s main street.
The location of Myers MHC provides easy access to various transportation hubs.
The property is conveniently located where Interstates 68 and 70 meet with easy
access to Interstate 81, as well. Myers MHC is 32 miles to Frederick, 70 miles to
Washington D.C., 72 miles to Baltimore and 74 miles to Harrisburg, PA.