Troy, Alabama Portfolio

Troy, Alabama Portfolio

Troy, AL
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 140 Acres / 420 Sites

Overview

Capstone Manufactured Housing is pleased to present the Troy, Alabama Portfolio. This portfolio features two adjacent communities, Forest Acres and Oakleigh MHP, consisting of 305 sites and 115 sites respectively. Home to Troy University, Troy has seen tremendous growth due the University’s push to increase student enrollment. Current ownership has done a fantastic job leasing up new 2022 home inventory, and with the fall semester starting up, occupancy will continue to increase due to the influx of students needing affordable housing. Both communities feature optimal operational characteristics such as public utilities and the recent implementation of sub-metering for water and sewer usage, as well as shared management capabilities. This offering provides investors with an opportunity to acquire two well-located assets with immediate rental upside and strong operational qualities.

Investment Highlights

Substantial Upside Through the Lease Up of Vacant Sites

50 New 2022 Homes on Site

Public Water & Sewer that are Billed Back to Residents

Favorably Positioned in One of the Fastest Growing Cities in Alabama

Shared Staffing Capabilities—The Two Communities are Next to Each Other

Features a Majority of Lots that are 1/4 of an Acre or More

Contact Information

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
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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