Price: $77,096,136
Total Spaces: 1057
CAP Rate: 6.0%
Under Contract
Overview:
Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to acquire the 1,057-site Heartland Portfolio, a collection of 8 manufactured housing communities spanning 7 cities across Kansas and Oklahoma.
Kansas License: Jon Nesbitt (BR00234337)
Oklahoma License: Kristen Zimmerman (201922)
Investment Highlights:
- 8-Property MHC Portfolio totaling 1,057 sites
- Oklahoma Markets : Tulsa & OKC MSA
- Kansas Markets: Wichita, Lecompton (Lawrence MSA), & Hutchinson
- All Communities are served by public water & sewer
- Includes a 387 POH Portfolio consisting mostly of 2010 or newer units
- Assumable Agency Debt
- 20%+ IRR
