Capstone Manufactured Housing is pleased to present Spring Lake Mobile Home Park, a 225-site community located in Warner Robins, GA. This community is located along the I-75 corridor about 30 minutes south of Macon and 1.5 hours south of Atlanta. The property showcases two streams of rental income—Lot Rent and POH Rent. This community is currently 77% occupied with below market rents, which allows new ownership significant upside through leasing the remaining vacant sites. Immediate upside exists through utility expense recapture; thus, reducing the overall expenses by 14%. This community is centrally located in one of Georgia’s strongest manufactured housing submarkets & allows significant upside from day one.
**Click link to download offering materials: http://capstoneapts.listinglab.com/SpringLakeMHP/index.cfm?doLDPage=1