Skip to main content

Mobile Home Park

Mobile Manor MHP

1300 Evering Ave, Rosedale, MD 21237

Listing Price: $3,500,000

Cap Rate
5.61%
Number of Spaces
36
Lot Size
4.25 acres
Occupancy
100.0%
Price/Space
$97,222
Spaces/Acre
8.47
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Mobile Manor, an all age manufactured housing community located in Rosedale, Maryland - just outside of Baltimore. The community contains 36 sites that are 100 percent occupied serviced by public water and sewer. Due to its location in the Baltimore MSA and easy access to US-40, its residents can benefit from a variety of activities, restaurants and shopping within a 20 minute drive. Within a 15 mile radius of the community, the area boasts a population greater than 1,500,000 and a median housing value of $242,593. Debt assumption terms are 3.39%, 12 year term, and 5 years I/O, with an origination date of 12/2019.

Investment Highlights

  • Opportunity to Acquire An All Age Manufactured Housing Community Located in the Baltimore MSA
  • 36 Sites that are 100 Percent Occupied With Below Market Rents
  • Serviced By Public Water and Sewer That is not Sub-metered
  • Population Greater Than 1,500,000 and a Median Housing Value of $242,593 Within a 15 Mile Radius of the Community

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Financing By

Mobile Home Park

Mobile Manor MHP

Listing Price: $3,500,000

Cap Rate
5.61%
Number of Spaces
36
Lot Size
4.25 acres
Occupancy
100.0%
Price/Space
$97,222
Spaces/Acre
8.47
Year Built
1989

Investment Highlights

  • Opportunity to Acquire An All Age Manufactured Housing Community Located in the Baltimore MSA
  • 36 Sites that are 100 Percent Occupied With Below Market Rents
  • Serviced By Public Water and Sewer That is not Sub-metered
  • Population Greater Than 1,500,000 and a Median Housing Value of $242,593 Within a 15 Mile Radius of the Community

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Mobile Manor, an all age manufactured housing community located in Rosedale, Maryland - just outside of Baltimore. The community contains 36 sites that are 100 percent occupied serviced by public water and sewer. Due to its location in the Baltimore MSA and easy access to US-40, its residents can benefit from a variety of activities, restaurants and shopping within a 20 minute drive. Within a 15 mile radius of the community, the area boasts a population greater than 1,500,000 and a median housing value of $242,593. Debt assumption terms are 3.39%, 12 year term, and 5 years I/O, with an origination date of 12/2019.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

Financing By

MM Texture Background
MM Textured Background Lower