Multi Family Real Estate Investment at 1st St and Dana Ave, Chappell, NE 69129 - Multifamily Property for Sale, Multi Family Apartments for Sale

Mobile Manor is an opportunity for investors seeking a stable, cash-flowing property in an underserved market with growth potential. Mobile Manor MHC is an 11 lot community located 1-mile off I-80 in Western Nebraska. All seven (7) tenants reside in Tenant Owned Homes and are responsible for maintaining their own lots. Tenants pay $315 monthly for lot rent, are directly billed for electricity, and are paying a fixed amount of $22.85 for water usage.
Utilities: Direct Billed / Recaptured
This property would be a great opportunity for an investor new to the manufactured housing community space, or an easy addition to an experienced investor's portfolio.
100% City maintained streets which further limits ownerships expenses and maintenance.
Snow removal is provided by the City.

Chappell, Nebraska represents a classic supply-constrained rural rental market with rising home values, limited rental inventory and stable demographic trends. This combination creates favorable conditions for investors seeking yield and long-term appreciation.
Due to the affordability gap there is a large renter-by-necessity segment, which further supports the demand for affordable housing. This coupled with limited rental supply, creates an opportunity for new ownership to capitalize on infill.

All numbers listed in the financial analysis are actuals based on rent collection and expense records provided by current ownership.
Year two financials are based on raising lot rents to $335.
Years 3-10 were based on a 4% lot rent increase year over year, which is likely below levels that could be attained by future ownership.
Infill of the vacant lots was not included in the financial analysis, offering further upside to new ownership.
Due to the strong need for affordable housing and lack of readily available options, new ownership can expect steady returns.

There is one abandoned unit on-site which is not included in the economic occupancy, as the unit has been vacant in excess of one year.

As the county seat of Deuel County and located directly along the high-traffic Interstate 80 corridor, Chappell benefits from consistent regional connectivity. The local economy is anchored in agriculture, transportation, and essential services, creating steady demand for workforce housing. Employers in the area are mainly centered around agriculture, health care, education and government agencies.

The subject property is located on the southern edge of Chappell, and is less than 4 blocks away from the local grocery store, bank, and city park.
The community offers a high quality of life, including quiet neighborhoods, access to schools and other basic amenities. All factors that support long-term tenant retention and growth.