***Price TBD by Market***

Capstone Manufactured Housing is pleased to present Forrest Hills Mobile Home Community located 15 minutes east of the city of Asheville, North Carolina. The 89-site mobile home park is 76% occupied and is comprised of lease-option-purchase and park-owned homes. Asheville is the largest city in Western North Carolina and the MSA has shown steady population growth of 2.0% YOY since 2014. The average value of single-family residential real estate in Asheville is $275,000, and as a result the demand for affordable housing continues to rise. Forrest Hills has favorable proximity to I-40, which is the primary route connecting Asheville and Winston-Salem. The park benefits from in place operational efficiencies including a utility recapture program and directly metered electricity. This offering presents an investment opportunity to enter a rapidly growing North Carolina market, increase cash flow by driving rents while benefiting from significant demand for affordable housing.

**Click here to access offering materials: http://capstoneapts.listinglab.com/ForrestHills/index.cfm