I have read and agree to the Confidentiality Agreement

Agreement

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from MH Pro Group, LLC and distribution to any other person or entity without the express written consent of MH Pro Group, LLC is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MH Pro Group, LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. MH Pro Group, LLC has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, MH Pro Group, LLC has not verified, and will not verify, any of the information contained herein, nor has MH Pro Group, LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Hilton MHC

111 Rivermont Dr, Newport News, VA, 23601

Property Highlights

Hilton MHC is a 54-pad manufactured housing community located in Newport News, VA. The community is currently 92% occupied, with 48 tenant-owned homes paying an average pad rent of $716 per month. Water and sewer are publicly serviced and billed back to the tenants along with trash, and paved roads give each home two dedicated parking spaces. Since acquiring the property, current ownership has invested in the community by repaving the entire park, installing Metron water meters, and adding new signage and fencing. Day-to-day operations are handled by a local manager who meets contractors and enforces community rules, while residents pay through autopay in Rent Manager. The park also has three vacant park-owned homes listed for sale and one empty pad providing new ownership with a clear path to increase occupancy. The community is centrally located in Newport News, giving residents easy access to jobs throughout the greater Hampton Roads region. The anchor of that job base is Newport News Shipbuilding, Virginia’s largest industrial employer with more than 26,000 employees. Combined with recent capital improvements and a largely tenant-owned resident base, this steady demand supports reliable in-place income while the remaining vacancies provide substantial upside for new ownership.

Property Details

Price: $4,800,000
Pad Count: 54
Water: Public
Sewer: Public

Financial Summary

Investment Highlights

Price	$0.00
Price / Unit	$0.00
Gross Rent Multiplier	0.00
Proposed Loan Amount	$0.00
Initial Investment	$0.00

Income & Expenses

Income

Potential

Current

Expense	Potential	Current
Total Expenses	$ 0.00	$ 0.00
Net Operating Income	$0.00	$0.00
Less Debt Service	$0	$0
Potential Net Cash Flow	$0.00	$0.00
Cash on Cash Return	0.00 %	0.00 %
Capitalization Rate	0.00 %	0.00 %

OM-Hilton-MHC-Newport-News-VA.pdf

Rent Roll

Unit	BR/BA	Current Monthly Rent	Potential Monthly Rent	Status	Lease Expires
Totals		$ 0.00	$ 0.00