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Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1265106
  • Posted On: Jun 2, 2020
  • Updated On: Jun 2, 2020

Property Description

Capstone Manufactured Housing is pleased to present the Indiana | Illinois MH Portfolio, comprised of 228 sites across 2 communities—Gaslight Estates & Fehrenbacher MHP. The portfolio features multiple operational efficiencies due to public/direct-billed utilities, shared management capabilities, and a majority of lots consisting of resident-owned homes. These communities offer immediate scaled entry into their surrounding markets with excellent curb appeal and below market rents, presenting the opportunity to acquire two well-maintained assets with rental upside from the start of acquisition.

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Park Information

Community Type: All Age
Number of MH Lots: 228
Total Occupancy: 72.0 %
Size: 50 acre(s)

Park-Owned Homes

Number of Park-owned Homes: 8

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