We are thrilled to announce the successful acquisition of Southside Mobile Home Park. This is a 50-lot value-add mobile home park located in Florence, South Carolina. This stabilized asset presents an excellent investment opportunity. It features strong cash flow and significant room for upside through rent adjustments and capital improvements.

Why the Southside Mobile Home Park Can Be a Great Investment

This asset represents a key value-add opportunity due to its below-market lot rents, which are $200+ below the current market rate. This significant discrepancy offers immediate potential for increasing revenue, potentially enhancing the overall value of the mobile home park.

The purchase price for this investment is $2,000,000, which reflects the asset’s strong fundamentals and potential for growth. We have completed a successful capital raise of $858,500, with plans to execute strategic capital expenditures as we aim to improve the property and drive value for our investors.

Projected Returns for Mobile Home Park Investors

Projections estimate that this investment will deliver an annual cash-on-cash return of 15.11% to our limited partner investors, over the period of 5 years. These returns will likely be made possible by the stabilized nature of the property. This is combined with the execution of our value-add strategy to help maximize its potential. By addressing key infrastructure and aesthetic upgrades, we aim to significantly enhance both resident satisfaction and the asset’s overall value.

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Detailed Capital Expenditure (CapEx) Plan

As we aim to ensure the long-term success and viability of the asset, we have allocated a total of $486,000 toward key capital improvements. Below is the breakdown of our planned expenditures:

• Signage: $5,000
• Road Surface Paving/Improvements: $150,000
• Utilities – Submeter Water: $100,000
• Home Infrastructure Improvements: $100,000
• Home Purchase for 2 Vacant Lots: $30,000
• Hitch Removal: $1,000
• General Appearance Improvements: $50,000

By focusing on critical areas such as road improvements, water utility upgrades, and infrastructure enhancements, we are confident that these upgrades will attract new residents. This may result in a boost of occupancy rates, and allow for future rent increases. Furthermore, this will likely contribute to a stronger return on investment.

Value-Add Mobile Home Park Investing Strategy

Our value-add strategy hinges on addressing both infrastructure and aesthetic improvements. The goal is to modernize and enhance the mobile home park. Key projects include:

• Road Improvements: Enhancing the roadways within the park will not only improve the overall appearance but also increase safety and accessibility for residents.
• Submetering Water: Implementing individual water submeters will help track water usage more accurately, leading to cost savings for the park and fairer billing for residents.
• Home Infrastructure: We have allocated $100,000 for general infrastructure upgrades, which will ensure long-term stability and comfort for tenants.
• General Appearance: Investing $50,000 in general appearance improvements will elevate the curb appeal of the park, attracting potential residents and increasing the community’s desirability.

Conclusion

The acquisition of Southside Mobile Home Park in Florence, SC, marks another successful venture for our team. With a solid capital expenditure plan in place and a stabilized asset already generating cash flow, we believe this mobile home park is poised for significant value growth.

We look forward to keeping our investors updated as we execute our value-add strategy and work toward delivering strong returns. Southside Mobile Home Park is yet another testament to our commitment to preserving affordable housing while aiming to generate attractive returns for our investors.

Book a 1-on-1 consultation with Andrew Keel to discuss:

• A mobile home park deal review
• Due diligence questions
• How to raise capital from investors
• Mistakes to avoid, and more!