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$Unpriced

4 Park Port – Jacksonville, IL

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Jonathon McClellan and Kyle Baskin of Marcus & Millichap, alongside Glenn Esterson, are pleased to present the opportunity to acquire four manufactured housing communities in Jacksonville, Illinois, collectively offering a total of 395 sites. These communities are presented for purchase either as a comprehensive portfolio or as individual assets, offering flexibility to potential investors seeking to tailor their investment strategy to their preferences.

All of the communities benefit from public water and sewer services, ensuring essential infrastructure support for residents. Situated within a convenient 15-minute drive of each other, all four communities offer operational and management efficiencies for new investors looking to capitalize on these strategic geographic arrangements.

Of the 195 homes within the portfolio, with an average construction year of 2015, an impressive 75%, or 147 units, were built in 2018 or later, reflecting a modern and desirable housing inventory.

This opportunity represents a value-add proposition within the manufactured housing community sector. The potential for enhancement and increased value exists through strategic improvements, management optimization, or other value-creating initiatives. Savvy investors have the chance to capitalize on the growth and improvement potential within the manufactured housing sector through this carefully curated investment opportunity.

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Details

Price : $Unpriced
Lots : 395
# of Parks : 4
Investment Type : Value Add
Property Type : MHP
Status : On-Market
Address : 122 MEADOW RIDGE LN, JACKSONVILLE, IL
MSA/ST : Jacksonville, IL MSA
Tenants : 276
Utility : Public
POH : 195
Occupancy Rate : 69.9%
Gross Income (All Income Sources) : $2,307,406
Deal # : 1335
Property ID : 10249

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Glenn Esterson

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