Contact Information

Mobile Home Park Details

  • Price: $4,200,000
  • Cap Rate: 7.7%
  • Property ID: 1248333
  • Posted On: Apr 29, 2020
  • Updated On: Sep 14, 2020

Property Description

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Capstone Manufactured Housing presents the Ottawa Kansas Portfolio. This portfolio features 116 sites across two communities: Acres Estates MHP and Cherrywoods MHP. These communities showcase a combined occupancy of 95% with below market rents and minimal operational oversight. Additionally, both communities are located within qualified Opportunity Zones and a short drive from a newly completed 1.5 million SF logistics park that is fueling area job growth.

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Park Information

Community Type: All Age
Number of MH Lots: 116
Total Occupancy: 95.0 %
Average MH Lot Rent: $307
Size: 16 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 29

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