Contact Information
Mobile Home Park Details
- Price: $5,000,000
- Cap Rate: 5.8%
- Property ID: 1392356
- Posted On: Feb 11, 2021
- Updated On: Feb 11, 2021
Property Description
**Download Offering Materials: https://listings.capstone-companies.com/offering-info/479/1/**
Capstone Manufactured Housing is pleased to present the Orlando Portfolio. This 81-site portfolio is comprised of two stabilized communities: Big Oaks MHP in Orlando, FL and Wagon Wheel MHP in Kissimmee, FL. They are well-located within the Orlando–Kissimmee MSA, an area that has seen significant growth despite the pandemic. The portfolio features operational efficiencies due to most of the lots being resident-owned homes, and the residents paying for all their utilities through submetering or a flat fee. This offering presents an opportunity to enter the growing Orlando market by investing in two well-occupied, strategically located communities.
Strong Location within Orlando–Kissimmee MSA
Stabilized Properties with 98% Occupancy
Lot Rent Growth Potential
Majority Resident-Owned Homes, Reduces Costly Repairs and Maintenance Expense
Reduced Management Oversight Due to Proximity of Communities
Big Oaks is Located in the Middle of a Path to Progress Area
Park Information
Number of MH Lots: | 81 |
Total Occupancy: | 98.0 % |
Average MH Lot Rent: | $440 |
Size: | 9 acre(s) |
Utility Information
Water: | Well |
Water Paid By: | Tenant - Submetered |
Sewer: | City |