Contact Information

Mobile Home Park Details

  • Price: $6,500,000
  • Property ID: 1021527
  • Posted On: Jan 10, 2019
  • Updated On: Mar 15, 2019

Property Description

Capstone Manufactured Housing is pleased to present the Savannah Portfolio: Main Street Manor, Vick’s Mobile Home Estates, Quacco Village, and Dean Forest MHP (a mobile home and RV park), for a total of 209 units. The historic city of Savannah is in Chatham County and has much to offer the surrounding community, including a prominent U.S. seaport, picturesque cobblestone streets, and historic parks and buildings. The Savannah Portfolio provides an ideal location, less than 20 minutes from the Savannah central business district; thereby, providing a low-income housing alternative for residents within proximity to Savannah’s outstanding lifestyle amenities. The parks present an excellent opportunity for investors to benefit from four turn-key assets with consistent cash flow and the ability to increase rents to market average upon day one.

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Park Information

Community Type: All Age
Number of MH Lots: 209
Total Occupancy: 95.0 %
Size: 31 acre(s)

RV Information

Number of RV Lots: 30
Average RV Lot Rent: $475

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes: 27
Average Rent for Park-owned Homes: $586

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