How to Fill VACANT Mobile Home Park Lots with EASE

[Tristan Hunter]

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📈 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.

Download your FREE eBook to AVOID common mobile home park investing mistakes 👉https://keelteam.com/top-20-things-learned-from-mobile-home-...

Learn more about what we do at 👉 www.Keelteam.com

Let’s keep raising the bar for affordable housing! 🔧📈