3710 Daffodil Dr Bloomington, IL 61705

Prairie Place is a 37-site manufactured housing community, currently operating at full physical and economic occupancy. The community is resident-owned, which results in a low-maintenance operating profile with no park-owned home exposure. The current average lot rent is approximately $527 per month, following a $35 rent increase on January 1st. The asset benefits from stable collections, strong resident tenure, and predictable operating performance. The property presents an opportunity to acquire a fully stabilized manufactured housing community with immediate in-place cash flow and limited operational complexity. Total revenue is projected to increase from approximately $220,000 to approximately $267,000 by Year 3, driven by steady annual rent growth. Net Operating Income is projected to grow from approximately $110,700 to approximately $193,000 by Year 3, supported by expense ratio improvement as legacy costs normalize. Expense ratios are projected to decline from approximately 50% to approximately 28% by Year 3, reflecting more efficient management and stabilized operating expenses. This growth profile underscores the property's ability to deliver cash flow expansion without reliance on occupancy risk or aggressive assumptions.