Investment Overview

Marcus & Millichap is pleased to present Farm View Courts MHP, a 47-space mobile home park located off Highway 45W in Humboldt, Tennessee. The park sits approximately 2 miles from downtown Humboldt, 12 miles from Gibson County Lake, and about 25 miles from Jackson, providing convenient access to local parks, outdoor recreation, and regional amenities. Farm View Courts MHP is being offered at a 8.00 percent capitalization rate with an estimated net operating income of $215,833. The park consists of 41 parkowned homes, 3 tenant-owned homes, and 3 vacant spaces with approximately 18 acres available for expansion. Historically, the park operates at 94 percent occupancy, with all tenants on long-term leases; 100 percent secured on 12-month agreements, providing stable and predictable cash flow. Monthly rents average $623, below the local market range of $725–$825. The community is serviced by Humboldt Utilities for water and sewer, while water, sewer, electric, and trash are all separately metered and paid directly by the tenants. The property is currently ownermanaged, with experienced on-site managers willing to stay on after a sale. With long-term leases, strong historical occupancy, and a utility structure that minimizes owner expenses, Farm View Courts MHP presents an attractive opportunity for long-term ownership. Please do not visit the park without prior approval, and all property tours must be arranged through Marcus & Millichap listing agents.