Three Bridges Estates MHP

• Military-Anchored Rental Demand – Located in Jacksonville near Marine Corps Base Camp Lejeune, supporting consistent demand for affordable housing. Current listings within Three Bridges Estates also market the community specifically for its proximity to Camp Lejeune.
• Strong In-Place Cash Flow – Current rent roll generates approximately $17,050 per month / $204,600 annually from 23 rented park-owned homes and three rented lots.
• Significant Lot Lease-Up Upside – Seven vacant or wooded lots provide immediate infill potential. At the current $250 lot rent, full lease-up could add approximately $21,000 in annual gross income.
• Below-Market Rents – Park-owned homes average approximately $707 per month, creating potential upside through future rent adjustments. For context, recent listings within Three Bridges Estates have advertised homes at $800 and $1,200 monthly.
• Additional Unit Upside – Two existing homes can be renovated and returned to the rent roll, providing another avenue for increased income.
• Large Land Footprint – Situated on almost 12 acres, offering flexibility for infill and long-term property improvements.
• Public Water Service – City water reduces operational exposure associated with private well systems and simplifies ongoing management.
• Growing Submarket – Population within one mile has grown approximately 19.28% since 2020, with additional population and household growth projected over the next five years.
• Strong Area Incomes – Average household income within the 1- and 3-mile radii exceeds $78,000 supporting long-term rental fundamentals.