Description
LOCATION, LOCATION, LOCATION! NO MORE LEASED LAND!! In January 2025, the residents of Border Hill Mobile Home Park purchased the community, including the land underneath their homes. By purchasing their community, they've secured stability and affordability for generations while strengthening the growing movement of resident-owned communities in Rhode Island. In the Border Hill Mobile Home Park, a resident-owned community cooperative (ROC), the land is owned collectively by the entire community. The Cooperative Development Institute (CDI) and the homeowners association purchased the entirety of the 16-acre community.Ownership Structure: Each resident owns a single membership share in the overall cooperative corporate entity. What Each Share Represents: If divided purely mathematically across the park's 52 home sites, each share effectively represents a fractional interest of approximately 0.31 acres of the collective property. Instead of a traditional real estate deed for the dirt, your membership share guarantees you a perpetual lease on your specific lot, giving you complete stability without individual land lines.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
LOCATION, LOCATION, LOCATION! NO MORE LEASED LAND!! In January 2025, the residents of Border Hill Mobile Home Park purchased the community, including the land underneath their homes. By purchasing their community, they've secured stability and affordability for generations while strengthening the growing movement of resident-owned communities in Rhode Island. In the Border Hill Mobile Home Park, a resident-owned community cooperative (ROC), the land is owned collectively by the entire community. The Cooperative Development Institute (CDI) and the homeowners association purchased the entirety of the 16-acre community.Ownership Structure: Each resident owns a single membership share in the overall cooperative corporate entity. What Each Share Represents: If divided purely mathematically across the park's 52 home sites, each share effectively represents a fractional interest of approximately 0.31 acres of the collective property. Instead of a traditional real estate deed for the dirt, your membership share guarantees you a perpetual lease on your specific lot, giving you complete stability without individual land lines.
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© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-16T17:37:55.78.