Cowboy MHP & Belaire Estates

JLL, as the exclusive advisor, has been retained to offer the opportunity to acquire the Pocatello 2 Pack (the “Portfolio”), which consists of two manufactured housing communities located in Pocatello, ID. Each property is situated downtown within the city limits and together comprises a total of 383 sites spread across a combined 60.2 acres. This offers investors the chance to establish an immediate foothold and achieve scale within the market. The average in-place rents across monthly tenancy in the Portfolio currently amount to $458 per month, providing potential for value-add opportunities through infill and rental growth. With an occupancy rate of 87% and access to public utilities, this investment presents an excellent chance to create scale or enter the Pocatello market.

Pocatello is surrounded by picturesque mountains and is located along the banks of the Portneuf River, making it an attractive destination for outdoor enthusiasts. The city serves as a gateway to diverse recreational activities, including hiking, rafting, fishing, and skiing. The nearby Caribou-Targhee National Forest and West Entrance to Yellowstone National Park contribute to a high quality of life and attract both residents and travelers.