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Mobile Home Park

~50 Site MHC

42 Miry Brook Rd, Danbury, CT 06810

Listing Price: $5,980,000

Cap Rate
6.00%
Number of Spaces
48
Lot Size
4.77 acres
Occupancy
98.0%
Price/Space
$124,583
Spaces/Acre
10.06
Year Built
1980

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

Exclusively Listed By

Broker of Record

  • John Krueger

    VP, National Director of Development and Training

    (212) 430-5157

    License(s) CT: REB.0791913

    Connecticut

Financing By

Mobile Home Park

~50 Site MHC

Listing Price: $5,980,000

Cap Rate
6.00%
Number of Spaces
48
Lot Size
4.77 acres
Occupancy
98.0%
Price/Space
$124,583
Spaces/Acre
10.06
Year Built
1980

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.

Exclusively Listed By

Broker of Record

  • John Krueger

    VP, National Director of Development and Training

    (212) 430-5157

    License(s): CT: REB.0791913

    Connecticut

Financing By

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