Mobile Home Park
New Jersey 3 MHC Portfolio
1920 S Delsea Dr, Vineland, NJ 08360
Listing Price: $8,959,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire the NJ 3 MHC Portfolio, a 91-site manufactured housing portfolio comprised of three established communities strategically located in Vineland and Fortescue within Cumberland County, New Jersey. The portfolio benefits from strong in-place operations, featuring 100 percent occupancy at close and an average monthly lot rent of $720, providing investors with stable cash flow supported by affordable workforce housing demand.
Located in Vineland and Fortescue, the communities offer convenient access to major employment centers throughout Southern New Jersey and the broader Philadelphia metropolitan area. The offering presents a compelling combination of durable income and operational upside through occupancy optimization, additional pad development potential at 1920 MHC, and the implementation of utility bill-back programs, creating a clear path for future revenue growth.
Broker of Record
-
Jim McGuckin
Managing Director, Market Leader - New Jersey
Listing Price: $8,959,000
Investment Highlights
- 91 Sites across Three Communities
- 100 Percent Portfolio Occupancy at Close
- Utility Bill-Back Opportunity
- Philadelphia MSA Connectivity
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire the NJ 3 MHC Portfolio, a 91-site manufactured housing portfolio comprised of three established communities strategically located in Vineland and Fortescue within Cumberland County, New Jersey. The portfolio benefits from strong in-place operations, featuring 100 percent occupancy at close and an average monthly lot rent of $720, providing investors with stable cash flow supported by affordable workforce housing demand. Located in Vineland and Fortescue, the communities offer convenient access to major employment centers throughout Southern New Jersey and the broader Philadelphia metropolitan area. The offering presents a compelling combination of durable income and operational upside through occupancy optimization, additional pad development potential at 1920 MHC, and the implementation of utility bill-back programs, creating a clear path for future revenue growth.
Broker of Record
-
Jim McGuckin
Managing Director, Market Leader - New Jersey
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