Heartland Estates MHP — Sale in Torrington, WY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Torrington, WY 82240
  • Year built: 1972

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Description

The Wilmer & Danny Group of Marcus & Millichap is proud to present Heartland Estates, a rare opportunity to acquire a value-add manufactured housing community located in Torrington, the economic and commercial center of Goshen County in eastern Wyoming. The property consists of seventy-six (76) total manufactured housing sites, including three (3) brand new park-owned homes, offering investors the opportunity to acquire a community with significant occupancy upside and long-term rental growth potential in one of the Mountain West region’s most supply-constrained affordable housing markets. Originally developed in 1972, Heartland Estates currently operates at approximately 65% occupancy, presenting investors with a clear path toward value creation through continued infill, lease-up, and operational stabilization. The property benefits from all city utility services, providing long-term infrastructure reliability and operational simplicity. The community operates with a flat monthly utility reimbursement structure, with residents contributing toward electric, water, sewer, trash, and tax expenses. Current utility billbacks are approximately comprised of 33% electric, 27% water, 17% sewer, 22% trash, and 1% tax reimbursement, creating operational efficiencies and expense recovery for ownership. Existing in-place rents remain below competing housing alternatives within the market, providing investors with the opportunity to capture continued organic rent growth over time. Additionally, the recent addition of three brand new park-owned homes further enhances the property’s long-term income potential and overall community appeal. Heartland Estates is strategically located within eastern Wyoming, providing access to regional transportation corridors connecting Wyoming, Nebraska, and the broader Mountain West region. Torrington benefits from a stable regional economy supported by agriculture, healthcare, education, logistics, and local commerce. Major regional employers inc

Market Context

This multifamily in Torrington, WY is listed for sale. The building dates to 1972. Compare it against other multifamily listings for sale in Torrington, WY — view the full market.

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