Cowboy MHP & Belaire Estates_Property for Sale
Cowboy MHP & Belaire Estates_Property for Sale
Pocatello, ID, US, Americas

Cowboy MHP & Belaire Estates

Portfolio description

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.

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Attributes

Number of units
383
Occupancy
87%
Land area gross
60.2 acres
NOI
£1,108,000
Cowboy MHP & Belaire Estates (2 Properties)
Cowboy MHP & Belaire Estates (2 Properties)

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Investment Highlights

  • 87% total physical occupancy presents value-add upside in rents and infill
  • Opportunity to gain scale and immediately enact management efficiency
  • All properties situated on public utilities
  • Separate tax parcels provide flexible exit scenarios and financing strategies 
  • Idaho does not have rent control restrictions
  • Lack of affordable housing creates a supply/demand imbalance, positioning the Portfolio favorably 
  • Nearby plenty of year-round recreation opportunities including hiking, fishing, boating, hunting, golfing
Cowboy MHP & Belaire Estates 4_Property for Sale
Cowboy MHP & Belaire Estates 4_Property for Sale

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Last updated
1 Oct 2024