Mobile Home Park Details

  • Price:
  • Property ID: 975082
  • Posted on Aug 1, 2018

Property Description

Capstone Manufactured Housing is pleased to present Park Place Estates in Arcadia, FL. Park Place is comprised of 93 developed MH & RV sites across 13 acres. Park Place is proximate to major retailers and key economic drivers, including Publix, Walmart, Ace Hardware, South Florida State College, DeSoto Memorial Hospital, and the downtown area. Park Place Estates is the only all-ages manufactured housing community in the market; thereby, presenting the unique ability to capture a dominant share of the all-ages tenant segment seeking affordable housing. This investment offering presents a stabilized, well-located asset in a strong rental market with unique rental characteristics.

Investment Highlights

Well-Located Near Key Economic Demand Drivers & National Retailers
Only Significant All-Ages Community in Rental Market
Stable Agrarian Community with City Utilities and Minimal Turnover
Existing Operational Efficiencies, Including Utility Reimbursement Program
Opportunity to Implement Annual Rental Increases

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Park Information

Community Type: All Age
Number of MH Lots: 93
Total Occupancy: 92.0 %
Year Built: 1981
Size: 13.9 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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