Capstone Manufactured Housing is pleased to present Ravenwood II located in historic Greeneville, TN, the county seat of Greene County and part of the
CSA commonly known as the “Tri-Cities” of Northeast Tennessee and Southwest Virginia. This value-add investment opportunity includes 207 mobile home sites, 5 apartment units, and 1 single-family home. Investors can capitalize on fully developed infrastructure, including sub-metered municipal water and sewer paid by tenants. There is an on-site manager in place and there have been no rent increases since August 2013. As of September 25, 2016, the park owns 72 homes and has 46 additional land lease tenants in place. The property is primed with revenues of over $400,000 (2015), a strong local demand for affordable housing, and compelling upside potential.