Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 91-site, Rochester N.Y. MHC Portfolio. The mostly tenant-owned communities span over 21 acres and are located within 15 minutes of each other in the scenic and peaceful atmosphere of the greater Rochester, New York, MSA.

Hillside Terrace is currently at 88% occupancy, while Country Road is 27% occupied. If occupancy is raised to the average seen in the Rochester MSA (86%) annual revenues will increase by $137,000 for a 50% increase in top line revenues.

Hillside currently has one vacant POH and Country Road has four vacant POH that need small capital improvements to be ready to rent but represent a short term $24,505 annual increase in revenue.

The owner has rehabbed and sold 10 homes in the last 12 months and has seen significant demand.

There continues to be strong demand for housing in the market when homes are available which should allow a new owner the ability to increase occupancy and raise rents (subject to CPI-based rent control).

Located within 15 minutes of each other will allow for efficient management and are under one hour from both Buffalo and Rochester both with populations over 1 million, giving these all-ages communities access to all the attractions and major employers of the big city, while living in the quiet and peaceful atmosphere in the countryside.

Offering Site: https://www.crexi.com/properties/882499/new-york-rochester-ny-mhc-portfolio

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