Timber Ridge MHC

Timber Ridge MHC

Shellsburg, IA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 35.6± Acres / 144 Sites
  • Price: $4,300,000

Overview

Capstone Manufactured Housing is pleased to present Timber Ridge MHC. This offering features 144-sites and is strategically located within the Cedar Rapids MSA. This well-maintained community benefits from public utilities that are billed back to their residents, helping eliminate costly utility expenses. Additionally, Timber Ridge operates at 51% economic occupancy with lot rents that are below the market competition. By focusing on filling vacant sites and raising rents, a new owner could increase income significantly. This offering presents an opportunity to acquire a charming community in the Cedar Rapids MSA with tremendous value-add components and operational characteristics.

Investment Highlights

·       Potential Effective Rental Income Gain

·       Opportunity To Increase Rents

·       Public Utilities Billed Back to Residents

·       Situated In the Cedar Rapids MSA

·       Well-Maintained Community

Contact Information

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