Mobile Home Park
~50 Site MHC
42 Miry Brook Rd, Danbury, CT 06810
Listing Price: $5,980,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a 45-site manufactured housing community with three additional rental units located in Danbury, Connecticut. The community is strategically positioned within the densely populated Fairfield County / NYC tri-state corridor, where regional demand for attainable housing continues to outpace available supply. The asset delivers stabilized in-place cash flow at 98 percent MH occupancy, complemented by diversified income from the integrated rental component. Offered at $5,980,000, a 6.00 percent Year 1 cap rate on $358,640 of pro forma NOI, the community represents a rare opportunity to acquire an irreplaceable, cash-flowing community in one of the Northeast’s most coveted MHC submarkets.
Investment Highlights
- Irreplaceable Northeast Location
- Stabilized In-Place Cash Flow at 98 Percent MH Occupancy
- Diversified Income Stream with Three Apartment Rentals
- Strong Regional Demand Drivers
Listing Price: $5,980,000
Investment Highlights
- Irreplaceable Northeast Location
- Stabilized In-Place Cash Flow at 98 Percent MH Occupancy
- Diversified Income Stream with Three Apartment Rentals
- Strong Regional Demand Drivers
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a 45-site manufactured housing community with three additional rental units located in Danbury, Connecticut. The community is strategically positioned within the densely populated Fairfield County / NYC tri-state corridor, where regional demand for attainable housing continues to outpace available supply. The asset delivers stabilized in-place cash flow at 98 percent MH occupancy, complemented by diversified income from the integrated rental component. Offered at $5,980,000, a 6.00 percent Year 1 cap rate on $358,640 of pro forma NOI, the community represents a rare opportunity to acquire an irreplaceable, cash-flowing community in one of the Northeast’s most coveted MHC submarkets.