Contact Information

Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1323710
  • Posted On: Sep 14, 2020
  • Updated On: Sep 14, 2020

Property Description

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

Capstone Manufactured Housing is pleased to present Ridgewood Park, a 60-site manufactured housing community located in Chapel Hill, North Carolina. This community is well-maintained, situated within the Raleigh-Durham-Chapel Hill Metropolitan Area, and is located 10 minutes southwest of the University of North Carolina at Chapel Hill. Residents at Ridgewood enjoy a neighborly environment with large lots, abundant privacy, family-friendly atmosphere, and great curb appeal. The community benefits from a robust 92% occupancy, low turnover, and features below market rents with additional opportunities to realize currently uncaptured pass-through income in the future. Additionally, Ridgewood is one of the very few manufactured housing communities located in the Chapel Hill-Carrboro City school district which is consistently ranked the best public school system in the state. This offering presents the opportunity to acquire a well-located community with immediate rental upside, strong operational characteristics, and a lot-rent only income profile.

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Park Information

Community Type: All Age
Number of MH Lots: 60
Total Occupancy: 92.0 %
Year Built: 2000
Average MH Lot Rent: $495
Size: 22 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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