Contact Information

Mobile Home Park Details

  • Price: $3,425,000
  • Cap Rate: 7.1%
  • Property ID: 1318188
  • Posted On: Sep 3, 2020
  • Updated On: Nov 2, 2020

Property Description

Capstone Manufactured Housing is pleased to present the Adrian MH Portfolio. This portfolio features 116 sites across 3 communities—Adrian Estates MHP, Southgate MHP, and Sunset MHP. Adrian Estates MHP is located within a qualified opportunity zone, which provides federal tax incentives for investors to reinvest their capital gains. The 3 communities are all located within 15 minutes of each other. The proximity of these communities allows for reduced management oversight, while in turn, gaining immediate scaled entry into the surrounding market. This offering presents an investment opportunity to acquire a strategically positioned portfolio with below market rents, along with operational efficiencies.

Download Offering Materials: http://capstoneapts.listinglab.com/AdrianMichiganPortfolio/

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Park Information

Community Type: All Age
Number of MH Lots: 116
Total Occupancy: 75.0 %
Average MH Lot Rent: $348
Size: 12 acre(s)

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