Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 488510
- Posted On: Dec 9, 2014
- Updated On: May 4, 2015
Description
Capstone Manufactured Housing is pleased to present Auburn Hills, a 116-space manufactured housing community in the thriving Chattanooga, Tennessee MSA. Auburn Hills is a short commute from the expanding 1,400+ acre Enterprise South Technology Park, which is home to a number of companies including Volkswagen, Amazon and some 7,000+ employees.
Situated across 35 well-appointed tree-lined acres, Auburn Hills is 89% occupied with rents of $300 per month and direct billed utilities. With an on-site management office and 10 vacant park-owned-homes, Auburn Hills provides an opportunity for new ownership to maintain strong in-place cash flows and create new opportunities to add value.
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Park Information
Number of MH Lots: | 116 |
Total Occupancy: | 89.0 % |
Year Built: | 1955 |
Size: | 35 acre(s) |