How to Add Value to Mobile Home Parks — Real Example & Lessons Learned
Value-add mobile home park investing often comes down to one powerful concept in our experience: infilling vacant lots. It’s one of the most direct ways to increase an asset’s income potential and overall valuation.
Here’s a breakdown of how this looks in practice, using a real-world case study from a 77-lot park in Bartlesville, OK:
Key Learning Points from the Project:
- Acquisition: Purchased for $1.7M in Nov ‘24
- Capital Raised: ~$1.35M
- Primary Value-Add Strategy: Infill vacant lots to boost occupancy and NOI
- Why It Can Work: Every occupied lot has the potential to generate monthly cash flow and contribute to the asset’s appraised value when it’s time to exit.
Strategy Spotlight: BIRR
Modeled after the well-known BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), we apply a tailored version for mobile home parks:
Buy → Infill → Rent → Refinance → Repeat
Each stage is focused on turning underperforming parks into stabilized, cash-flowing assets.
If you’re exploring mobile home park investing, here are a few key takeaways from this approach:
Focus on trailer parks with vacant pads and solid infrastructure
Build strong systems for tenant acquisition and home setup
Track every improvement to support refinancing at a higher valuation
Filling vacant lots is one of the BIGGEST ways we drive value in our mobile home park investments. Each new tenant = potential for increased cash flow, NOI, and overall asset value.
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Let’s keep raising the bar for affordable housing! 
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