Evergreen Estates MHP

6 Birchwood Grove, Gering, NE 69341

Exclusive Listing
Jennifer Stein of Jennifer Stein Real Estate, Inc. NE license 20130457

Price
$2,250,000

Total Sites
88

Price/Site
$25,568

Price/Acre
$113,866

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Occupancy
69.3%

Lot Size
19.76 Acres

Year Built
1979

Designation
All Age

NOI (Current)
$116,958

Cap Rate (Current)
5.20%

NOI (Pro Forma: Y1)
$154,574

Cap Rate (Pro Forma: Y1)
6.87%

INVESTMENT HIGHLIGHTS

❑ Seller Financing Available – Attractive seller financing available with $400,000 down payment, 4% interest only rate, a 5-year term, ballon payment due at end of term.

❑ Site Mix – There is a total of 88 sites, where 61 sites are currently occupied by tenant owned homes. The remaining 27 sites are vacant ready for new homes to be places.

❑ Utility Billbacks – The landlord currently pays for water ($12,514). Sewer, trash, electric, and gas are paid by the residents. Potential for new owner to billback for water to provide upside.

❑ Excess Land – The property consists of 2 parcels, where the back parcel (Parcel #2 see map page 8) has excess land of approximately 1.07 acres. This back parcel also includes two storage sheds.

❑ Market Rents – MH rent avg. $283/month, approximately 36% below market rents at $441.

❑ Long Term Ownership – Maintained with true pride of ownership demonstrated over multiple decades.

❑ Prime Location & Local Amenities – Located just 3 miles south of Scottsbluff with immediate access to U.S. Highway 71, the community benefits from proximity to major retail, healthcare, and employment centers. Scottsbluff is the regional hub for western Nebraska, with large employers such as Regional West Medical Center (the area’s largest hospital), Western Nebraska Community College, BNSF Railway, JG Elliott Insurance, and the local school districts. National retailers including Walmart Sup

EXECUTIVE SUMMARY

Evergreen Estates MHP is a value-add, all-age manufactured housing community located in Gering, Nebraska. The property spans 19.76 acres across two parcels and features 88 total sites, including 61 tenant-owned homes currently occupied and 27 vacant sites ready for new homes to be placed. Attractive seller financing is available, with a $400,000 down payment, 4% interest-only rate, and a 5-year term, providing buyers with flexible acquisition options. The community benefits from onsite management, as the manager resides in their own home within the park, receiving free space rent and a monthly salary.

Evergreen Estates MHP is exceptionally well maintained, featuring mature trees, landscaped open spaces, and multiple cul-de-sacs, all of which create a neighborhood environment. Evergreen Estates MHP is served by city water and sewer. The landlord currently pays for water usage, while residents pay for sewer, trash, electric, and gas, offering a clear opportunity for water utility bill-back. Current lot rents average $283 per month, approximately 36% below market, with comparable communities averaging around $441 per month. Rent increase notices of $15 per month effective January 1, 2026 have already been issued, creating im mediate upside potential through strategic rent adjustments and professional management.

Located in western Nebraska’s Panhandle, Evergreen Estates MHP sits within the Scottsbluff Micropolitan Statistical Area, just three miles south of Scottsbluff, with a combined population of 37,893 as of the 2020 Census. The region benefits from a stable economic base supported by healthcare, manufacturing, public administration sectors, and is recognized for ongoing economic development efforts. Evergreen Estates MHP represents an exceptional opportunity to acquire a well-located, value-add MHP in a growing Nebraska market, with upside potential through infill, utility recapture, and rent growth.