2-Pack Lewiston / Clarkston MHP Portfolio

JLL, as an exclusive advisor, has been retained to offer the opportunity to acquire the 2 manufactured housing communities located in Clarkston, WA and Lewiston, ID. Each property is centrally located and together offer a total of 57 sites spread across 3.52 acres. This presents an opportunity to achieve scale within the market, allowing investors to establish a foothold immediately. The average in-place rents across the Portfolio amount to a monthly rate of $460, which offers value-add potential through infilling the last two remaining sites and rental growth. With 75% occupancy, public utilities, and a stable but growing market with strong demand for affordable housing, this investment presents an excellent opportunity to create scale or enter the Clarkston/Lewiston market.

Clarkston, Washington shares close ties with Lewiston, Idaho, and the two cities together form a bustling twin cities region known as the "Banana Belt" of the Lewis Clark Valley. The immediate area boasts breathtaking natural beauty, with the confluence of the Clearwater and Snake Rivers nearby, providing residents with a high quality of life and abundant opportunities for outdoor recreation such as boating, fishing, paddleboarding, mountain biking, and hiking along riverside trails. The downtown area contributes to a welcoming small-town atmosphere with its local shops and restaurants, while also offering amenities typically found in larger cities, including an airport located in Lewiston, and major big-box retailers such as Costco, Walmart, and Home Depot.