Passive Mobile Home Parks Investment Opportunity
Valley View Mobile Home Park Velva, ND
TARGETED IRR
12% - 15%
TARGETED EQUITY MULTIPLE
1.3x - 1.5x
NO. OF LOTS
32
TARGETED HOLD TIME
3 - 7 Years
EXECUTIVE SUMMARY
Valley View Mobile Home Park consists of 32 lots located in Velva, ND. Twenty-two of the lots are occupied with tenant-owned homes. Velva is part of the Minot, ND MSA which has a population of over 76,000.
The Minot Air Force Base is the largest employer in the Minot area with 7,500 employees followed by Trinity Health. Of the top 14 employers, three are government related, three provide social service assistance, two provide medical/ health care services, and two are in Hospitality.
Minot's MSA population grew by 18.3% in the decade ending in 2020.
Schedule of the Investor’s Return on Capital
First : 100% to Investors until an 8% preferred return is achieved
Second : After an 8% preferred return is achieved, then 70% to Investors and 30% to Sponsor
Third : After a 12% return is achieved, then 60% to Investors and 40% to Sponsor
Fourth : After a 16% return is achieved, then 50% to Investors and 50% to Sponsor
Ready to invest?
Click below to submit your soft reserve
We are excited about this opportunity and look forward to partnering with you to meet your investing goals!
Why You Will Love This Market
Investing in multifamily real estate is a proven way to create tax-advantaged passive income streams and build generational wealth. Multifamily real estate provides consistent returns that largely outperform other asset classes.
Value-add opportunities consisting of cosmetic upgrades and periodic rent increases.
100% tenant-owned homes.
City water and sewer.
Growing economy and solid employment base
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Are you Interested?
If you’re interested in investing with us in this deal, we invite you to reserve your spot now as we anticipate this offering filling up FAST.
OUR TEAM
CHARLOTTE DUNFORD
Managing Partner
RICK KLOPP
Managing Partner
STEVE TAYLOR
Value-add Coordinator
SARA MARIE ROBINSON
Compliance Officer