Camelot Estates & Circle Inn Manufactured Housing Community

Highlights:

• Two established manufactured housing communities located in Chubbuck, Idaho
• 99% occupied
• 99% tenant-owned homes
• 1 park-owned home
• Significant value-add opportunity: Below-market rent - $495 gross vs. $564/mo net market average; utilities: gross rents include water, sewer, and trash; known water leak: abnormally high usage
• Rent increase effective 8.1.2026: $100 increase from $395 to $495/mo
• 8 park financed homes: For sale at additional ~$140,000 unpaid principal balance
• City water and sewer
• Asphalt streets

Description:

Camelot Estates & Circle Inn is a rare opportunity to acquire two adjacent manufactured housing communities totaling 136 spaces across nearly 20 acres in Chubbuck, Idaho. The communities are 99% occupied with approximately 99% tenant-owned homes, creating a stable, low-maintenance income stream. Significant value-add potential exists through continued rent growth toward market rates, operational efficiencies, and utility expense reductions. The property benefits from strong occupancy, city water and sewer services, and proximity to major retail, employment, and transportation corridors.

Camelot Estates & Circle Inn sits just north of Interstate 86 and minutes from Interstate 15, providing excellent regional connectivity. The community is surrounded by major retail destinations including Pocatello Square, Pine Ridge Mall, Walmart, Lowe's, Ross, Hobby Lobby, and numerous restaurants and service providers. The surrounding area features a population of more than 71,000 residents within a five-mile radius and average household incomes exceeding $88,000, supporting long-term demand for affordable housing.

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