Contact Information

Michael Nissley

Colliers Manufactured Housing & RV Group

CONTACT SELLER

Price: $3,500,000
Purchase Method: Cash, New Loan
Cap Rate: 9.1%
Listing ID: 6987620
Posted On: Nov 4, 2025
Updated On: Nov 4, 2025

Description

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is pleased to offer the opportunity to acquire Southern Tennessee MHC Portfolio, a 53-unit, well-located affordable housing opportunity consisting of two properties in south-central Tennessee less than 2 hours from Nashville and Chattanooga and less than an hour from Huntsville, AL

The portfolio consists of two all-age mobile home communities, Pulaski Grove and The Landing at Fayetteville, each offering a value-add investment opportunity with spacious lots, newly rehabbed homes and on-site management providing immediate upside. More info below.

The asking price for the portfolio is $3,500,000 ($66,038/site).
This represents a 9.1% Year 1 Cap Rate.

Location

Centrally located just ±20 miles from Interstate 65, the sites
offer convenient access to major metros including Huntsville
(±37 miles), Nashville (±80 miles), , Birmingham (±125 miles),
Atlanta (±227 miles), and Louisville (±250 miles).

- Recent Renovations Completed by Seller:
Pulaski Grove: rehabbed 90%+ of existing homes, replaced central HVAC in units, and ran new septic lines.
Landing at Fayetteville: rehabbed 90%+ of existing homes, replaced central HVAC in units, paved roads, and replaced older homes.

- 53 Total Units including: 49 Park-Owned Homes (2 Vacant) & 4 Tenant-Owned Homes (1 Vacant)
- Operators can transition park-owned homes to tenant ownership. This would reduce operating expenses and CAPEX reserves while reducing the basis in the property and building a stronger tenant base.
- Curb appeal enhancements include home renovation, improved landscaping, and signage, which will elevate the community’s overall presentation and attract higher-quality tenants.
- At 94% occupancy there is an opportunity to lease the remaining vacant units.

- Opportunity to increase rates beyond current rent roll average to market rent.

- The portfolio offers the potential to develop additional home pads to expand unit count and create immediate revenue growth.

- Adding community amenities such as picnic areas or playgrounds can increase resident satisfaction and cement long-term occupancy stability.

Interested in purchasing this RV park? Get pre-qualified for a loan.

Get Financing