4 Park Auburn, AL Portfolio

BWE is pleased to present the Auburn, AL Manufactured Housing Portfolio — four communities totaling 490 home-sites across the Auburn MSA, anchored by Auburn University. At 93% occupancy with strong in-place lot rents averaging $455/month, the portfolio delivers reliable cash flow with significant upside through rent growth to market and continued infill of the 32 vacant lots. All four communities are serviced by direct-bill city water, with Stonegate also on direct-bill city sewer and the remaining three on septic; trash is community-billed across the portfolio.

The portfolio offers an institutional buyer the rare advantage of scale within a single high-growth college town — all four communities sit within roughly 6 miles of Auburn University’s campus, enabling a single management team to operate the entire portfolio efficiently. With in-place rents 25%+ below market comps (and as much as 45% below new move-in rates at competing communities), all paved roads, no flood zone exposure, and no deferred maintenance, the portfolio represents an agency-financeable acquisition with an immediate and clear path to NOI growth.