Mobile Home Park Details
- Cap Rate: 7.9%
- Listing ID: 1391438
- Posted On: Feb 9, 2021
- Updated On: Sep 29, 2021
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.
Download Offering Materials: http://capstoneapts.listinglab.com/CentralIllinoisPortfolio/
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Park Information
Community Type: | All Age |
Number of MH Lots: | 110 |
Total Occupancy: | 83.0 % |
Size: | 23 acre(s) |