About this community

Located in Beatrice, Nebraska, this 32-site manufactured housing community represented a rare opportunity to acquire a well-maintained, stabilized investment with a strong tenant-owned home base. The property featured city water, city sewer, city-maintained streets, and concrete curb and gutter throughout the community, providing an attractive combination of operational simplicity and long-term durability.

While the buyer acquired 15 titled park-owned homes, 12 had already been sold to the occupants through seller financing, resulting in a community that functioned primarily as a tenant-owned home park while providing additional income through installment note payments. Only three homes remained as traditional park-owned rentals at the time of closing.

Mid-Plains Land & Realty exclusively represented the buyer in this transaction after identifying the acquisition opportunity through our proactive outreach efforts. From the initial introduction and negotiations through due diligence, financing, and closing, we worked closely with the buyer, seller, lender, and title company to successfully complete the acquisition.

This transaction demonstrates Mid-Plains Land & Realty's commitment to representing quality manufactured housing communities throughout the Midwest while helping buyers identify opportunities both on and off the market.

Investment Highlights

Verified mobile home park market advantage

32-Site Stabilized Manufactured Home Community

Verified mobile home park market advantage

City Water, Sewer & Maintained Streets

Verified mobile home park market advantage

Primarily Tenant-Owned Homes

Verified mobile home park market advantage

Exclusive Buyer Representation by Mid-Plains

Questions about this property?

Gil Wigington, Managing Broker at Mid-Plains Land & Realty, specializing in Midwest mobile home park acquisitions and valuations.

Gil Wigington

Co-Founder & Managing Broker

Licensed in: Nebraska, Iowa, South Dakota

Broker Relationships in: Missouri, Kansas, Minnesota, and North Dakota

View Gil's profile →
Property Facts
State
Nebraska
County
Gage County
Acres +/-
4.3
Price
$1,610,700
NOI
$153,688
Price per Site
$50,610
CAP Rate
9.48%
Total MH Lots
32
Tenant Owned Homes
29
TOH Occupancy
100%
Park Owned Homes
3
POH Occupancy
0%
RV Pads
0
Utilities
City water, city sewer
Looking for off-market opportunities?
Get a confidential valuation from a brokerage that originated in the Nebraska market.

Questions about this property?

Gil Wigington, Managing Broker at Mid-Plains Land & Realty, specializing in Midwest mobile home park acquisitions and valuations.

Gil Wigington

Co-Founder & Managing Broker

Licensed in: Nebraska, Iowa, South Dakota

Broker Relationships in: Missouri, Kansas, Minnesota, and North Dakota

View Gil's profile →