Camelot Estates & Circle Inn is a rare opportunity to acquire two adjacent manufactured housing communities totaling 136 spaces across nearly 20 acres in Chubbuck, Idaho. The communities are 99% occupied with approximately 99% tenant-owned homes, creating a stable, low-maintenance income stream. Significant value-add potential exists through continued rent growth toward market rates, operational efficiencies, and utility expense reductions. The property benefits from strong occupancy, city water and sewer services, and proximity to major retail, employment, and transportation corridors.
Significant value-add opportunity: Below-market rent - $495 gross vs. $564/mo net market average; utilities: gross rents include water, sewer, and trash; known water leak: abnormally high usage