Santa Clara MHP

Santa Clara MHP

Calcutta, OH
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 57 Acres / 169 Sites

Overview

Capstone Manufactured Housing is pleased to present Santa Clara MHP, a 169-site community in Calcutta, OH. This offering features 129 existing MH sites, with 40 additional sites that is scheduled to be completed this year. The development plan also includes two new self-storage buildings, which can only be rented by current residents. The two new buildings will add another 56 storage units, for a total of 84 units. Demand at the community is strong, as demonstrated by 95% occupancy and a waiting list. When the new sites come online, the owners expect to fill those sites very quickly. Filling the additional sites would bring in $150,240 of additional revenue at the current lot rents.

Furthermore, Santa Clara is a well-designed community with oversized lots, surrounded by scenic landscaping. Current ownership and management have diligently maintained the community and brought in newer, double-wide homes that fit the high standard of the community. As an added benefit, all the homes are resident owned and the utilities are public direct billed to the residents. This offering presents investors with the unique opportunity to acquire a beautiful, turn-key asset with expansion potential and several operational efficiencies. 

Investment Highlights

Below Market Rents

All Resident-Owned Lot Rent Only Homes

Turn-Key Asset

Robust 95% Occupancy with a Waiting List

40-Site Expansion Sites & 2 New Storage Buildings Underway–Owners have leveled the ground and plan to have it completed this year.

Public Utilities Direct Billed To Residents

Charming Community with Newer, Double Wide Homes

Contact Information

Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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