Case Study
Renton Highland Manor
Manufactured Housing Community • Renton, WA
Located less than 20 miles from downtown Seattle, this Class C community was a diamond in the rough. We saw a workforce community, in a location with stellar demographics and strong housing demand, which had been neglected by its prior owner. We met with residents in English and Spanish, paved the roads, installed a stone entry wall and new landscaping, built a playground for the kids in the community, and installed new manufactured homes. We have created a community that our residents are proud to call home.
Unit Count
49 lots
Acquisition Type
Value-add
Market Profile
Urban (Core)
Purchase Price
$3,250,000
Valuation Upon Refinancing
$5,550,000
Value Increase
71%
Resident Wins
New roads,
New stone entry wall,
New playground for kids
New manufactured homes
Investor Wins
