120 Manufactured Housing Rental Portfolio: Kentucky

Description:

• Turnkey 120-Unit Portfolio
• 99 Community Sites
• 17 Land/Home Sites
• 4 Traditional Stick-built Houses
• 66 Community-owned Manufactured Homes
• Includes 5 distinct AMH communities with the balance of the portfolio being individual MH land/home sites and traditional stick-built houses delivering operational economies of scale and geographic diversification within Muhlenburg and McLean counties.
• Portfolio's scale offers immediate and reliable cash flow across two counties in Western Kentucky.
• Located in contiguous Muhlenberg and McLean counties enables centralized management and operations, lower
overhead cost and easier oversight.
• Local demand for affordable housing supports long-term occupancy stability as well as real rent growth potential.
• Strong rent rolls with immediate opportunity to infill vacant lots and to increase rents to market rates.
• Seller is the largest independent Manufactured Housing retailer in Western Kentucky and is open to making arrangements with the buyer to provide turnkey lot infill in the coming years.
• Diverse mix of single and double-wide homes appeals to a broad range of tenants seeking quality, affordable living.
• Well-maintained sites with long-term residents and stable occupancy underscore the desirability of these communities.
• Muhlenberg and McLean Counties have diversified economies with a stable and growing employment base.

Properties located within Muhlenberg and McLean Counties in Kentucky.