Mobile Home Park
Sunny Terrace
300 W Lanesburgh St, Le Center, MN 56057
Listing Price: $2,090,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Sunny Terrace Mobile Home Park,
a well-positioned manufactured housing community located in Le Center, Minnesota. The property
contains 42 sites and is currently 93 percent occupied, offering both stabilized income and upside potential through occupancy growth and rent adjustments. With average rents of $400 per month, Sunny
Terrace provides affordable housing in a market with limited supply, while utilizing public water and
sewer systems billed back to tenants, minimizing utility expenses for ownership.
Sunny Terrace
Investment Highlights
- 42 Sites | 93 Percent Occupied – Strong in-Place Cash Flow with Room to Grow Occupancy
- Affordable Lot Rents – Current Average Rent of $400 per Month is well Below Market, Providing Future Upside through Rent Increases
- Public Utilities – Community is Serviced by City Water and Sewer, with Costs Billed Back to Residents, Reducing Owner Expenses
- Desirable Community Size – Efficient Scale with 42 Sites, making it an Attractive Acquisition for Both New and Seasoned Investors
- Stable Tenant Demand – Serves as an Affordable Housing Alternative in Le Center, a Growing Southern Minnesota market
- Operational Simplicity – Primarily Resident-Owned Homes Limit Maintenance Responsibilities and Reduce Management Intensity
Listing Price: $2,090,000
Investment Highlights
- 42 Sites | 93 Percent Occupied – Strong in-Place Cash Flow with Room to Grow Occupancy
- Affordable Lot Rents – Current Average Rent of $400 per Month is well Below Market, Providing Future Upside through Rent Increases
- Public Utilities – Community is Serviced by City Water and Sewer, with Costs Billed Back to Residents, Reducing Owner Expenses
- Desirable Community Size – Efficient Scale with 42 Sites, making it an Attractive Acquisition for Both New and Seasoned Investors
- Stable Tenant Demand – Serves as an Affordable Housing Alternative in Le Center, a Growing Southern Minnesota market
- Operational Simplicity – Primarily Resident-Owned Homes Limit Maintenance Responsibilities and Reduce Management Intensity
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Sunny Terrace Mobile Home Park, a well-positioned manufactured housing community located in Le Center, Minnesota. The property contains 42 sites and is currently 93 percent occupied, offering both stabilized income and upside potential through occupancy growth and rent adjustments. With average rents of $400 per month, Sunny Terrace provides affordable housing in a market with limited supply, while utilizing public water and sewer systems billed back to tenants, minimizing utility expenses for ownership.
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