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Mobile Home Park Details

  • Price: $2,900,000
  • Cap Rate: 7.9%
  • Property ID: 1391438
  • Posted On: Feb 9, 2021
  • Updated On: Feb 9, 2021

Property Description

Capstone Manufactured Housing is pleased to present the Central Illinois Portfolio. This portfolio features 110 sites across two communities—Sugar Creek MHP and Watch-E-Kee MHP. The two communities are strategically located approximately 5 miles apart, allowing for shared staffing between the communities; thus, helping to reduce costly payroll/management expenses. Additionally, Sugar Creek MHP is situated within a qualified opportunity zone, which provides federal tax incentives for investors to reinvest their capital gains. This offering presents the opportunity to acquire two well-maintained communities with tremendous upside.

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Park Information

Community Type: All Age
Number of MH Lots: 110
Total Occupancy: 83.0 %
Size: 23 acre(s)

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