AVERAGE SITE RENT
2019 SELLER PROJECTIONS
PRO FORMA NOI
96 Sites Located in Seaford, Delaware
Opportunity to Implement an Aggressive Sales Program to Increase Occupancy
Larger Lots that can Accommodate Modern Homes
116,501 Population Within a 15 Mile Radius and a Median Housing Value of $181,781
Below Market Rents
Marcus & Millichap is pleased to present the opportunity to acquire a mobile home park located in Delaware. Delaware MHP is a 96 site, all-age community situated on approximately 20 acres. The community is serviced by an in house central water facility and a completely new water distribution system with touch read meters at each home and private sewer with individual septic systems throughout the community. The community has newly paved roads as of the fall of 2018 and contains larger lots that can accommodate modern homes.
Situated in an ideal location right off of Laurel Highway, the community provides its tenants with easy access to a wide variety of local retail and restaurants such as Walmart Supercenter (4.5 miles from the community), Lowe’s Home Improvement, Applebee’s Grill + Bar, Texas Roadhouse, etc. The area has a population of 116,501 and a median housing value of $181,781 within a 15 mile radius. With a current occupancy of 59 percent and below market rents, a new investor can implement an aggressive home sales program to increase occupancy.
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