Mobile Home Park Details

  • Property ID: 1226562
  • Posted On: Mar 10, 2020
  • Updated On: Apr 5, 2021

Property Description

Capstone Manufactured Housing is pleased to present the Auburn Indiana Portfolio—positioned a short distance from Fort Wayne, Indiana in the growing city of Auburn, Indiana. This manufactured housing portfolio features two communities and 716 sites across 120+ acres, with 660 of the sites located in a Qualified Opportunity Zone. This offering gives buyers the chance for immediate scaled entry into the Fort Wayne-Huntington-Auburn CSA, which boasts one of the strongest economies in the country for manufacturing jobs. This investment also features immediate rental upside due to current rents being substantially below what the market presently supports. The current in-place park-owned home inventory will also greatly help in facilitating an occupancy increase. This offering presents buyers with the opportunity to acquire a strategically positioned portfolio with tremendous scale, along with immediate rent and occupancy upside.

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Park Information

Community Type: All Age
Number of MH Lots: 716
Total Occupancy: 85.0 %
Size: 128 acre(s)

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