Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Green Acres MHC, a 107-total site mobile home community located in Union City, Tennessee. The park is located off US 51, with convenient access to surrounding retail, dining, is less than 5 minutes from the 100,000 sf Discover Park of American museum and heritage park, drawing 275,000 visitors annually and a wide array of outdoor recreation attractions.

The region’s manufacturing - driven employment base, relatively affordable home prices, and continued need for workforce housing, create favorable conditions for manufactured housing communities and is well-positioned to support increased occupancy and durable cash flow for investors.

With 62% current occupancy, Green Acres offers significant infill upside in a market where homes are being leased without marketing. The opportunity provides day one cash-flow with significant NOI upside with continued infill and rent increases.

Investment highlights
Green Acres positioning offers many advantages:

Strong demand shown by growing occupancy despite owner not bringing in new homes.

Located adjacent to a mobile home dealer providing source of home supply for faster and cheaper lease up. Offering does not include MH dealer.

Located less than 5 minutes from downtown Union City, TN which is a hub for an expanding industrial sector centered on food processing and diversified manufacturing.

Upside includes lease up of 9 vacant park-owned homes, infill of 32 vacant sites, increase rents once occupancy is stabilized and eliminate loss to lease on 10 sites, and sell off 40 park-owned homes to the tenants.

https://www.crexi.com/properties/2710020/tennessee-green-acres-mhc