The Esterson MHC Team is pleased to present Mountain View MHP, located in Johnson, VT (Lamoille County), a 100% occupied, cash-flowing manufactured housing community consisting of 33 tenant owned homes with upside in rents.

Mountain View MHP is located in Lamoille County, VT and sits just under 30 miles from Burlington and approximately 15 miles from Stowe, one of Vermont’s premier year round destinations. The area benefits from steady housing demand, limited inventory, and a constrained development pipelilne typical of rural northern Vermont. Johnson is anchored by Northern Vermont University – Johnson and is supported by regional tourism tied to the Stowe Mountain Resort corridor, contributing to a stable local economy and year-round population base. Manufactured housing in this region serves a broad demographic including local workforce households, retirees, and residents priced out of the broader housing and rental market.

Lamoille County continues to experience a widening affordability gap, with 2-bedroom apartment rents typically ranging from $1,400-$1,700/month and 3-bedroom rents ranging from $1,800-$2,200/month. Average home value ranges from $350,000-$425,000 in Johnson and Lamoille County, while median household income is approximately $70,000. These dynamics continue to support strong demand for manufactured housing as one of the most attainable forms of housing in the region. With limited supply of affordable housing, rising homeownership barriers, and a regulatory environment that restricts new park development, Mountain View MHP offers investors a cash flowing, stabilized opportunity with attainable upside through rent increases alone.

Mountain View MHP is 100% occupied, consisting of 33 total lots with 33 tenant owned homes (TOH). Lot rent for the TOHs averages $403/month. Mountain View MHP is serviced by private well and septic (landlord pays, included in rent). Trash is curbside and directly billed to tenants. Electric, gas/propane, and cable are all tenant-paid via direct bill. Landlord mows commons, is responsible for snow plowing, and maintains the private road. The park is not in a flood zone and is not in an opportunity zone.

Mountain View MHP is being offered at a purchase price of $1,250,000 reflecting an 8.96% cap rate on in-place operations (P&L 1). The mark-to-market 10.7% cap rate, reflecting full occupancy at market rents, translates to a potential upside value of $1,672,437 at an 8.0% exit cap. Investors may achieve meaningful upside by gradually increasing rents toward market levels. All offers should include price, inspection timeline, terms, proof of funds, due diligence requirements, and relevant real estate experience.

Broker Info:
Jeffrey R. Nick – NAI J.L. Davis Realty
29 Church Street, 3rd Floor, Burlington, VT 05401
Lic # 081.0000142
(802) 876-6923