On public utilities, Hicks is the rare, manufactured home community where all the residents own the homes. Only 39% occupied, this 59-site park offers a great value-add opportunity for an investor to bring in homes (something this current ownership group has not done) and fill them to grow occupancy and revenue. – Additionally, there appears to be a strong rent upside story. Current average lot rents of ~$415/month sit well below estimated market levels of $485–$525/ month, providing an immediate path to revenue growth through rent increases. Nearby comparable product also supports this strong rent growth story, with surrounding apartments and single-family homes renting for $1,200+, thus further demonstrating the below market rents at the subject community. – Site sizes are sufficient to accommodate newer, more modern singlewide homes. Additionally, there could be flexibility to utilize vacant sites for RVs as an additional revenue stream. – Conveniently located in the heart of Clovis, NM, Hicks sits just one block from a grocery store and multiple restaurants and a short drive from a variety of retail and entertainment options on Prince Street, making this an attractive home base for tenants. Located approximately 7 miles from Cannon Air Force Base, the community benefits from a consistent influx of military personnel and support staff, underpinning long-term housing demand. – Buyer may obtain a new loan; however, Seller financing might be available for a qualified buyer.