Lake Chautauqua Portfolio

Lake Chautauqua Portfolio

Chautauqua, NY
Available
  • Property Type: Manufactured Housing
  • Property Size: / 94+ Acres / 188 Sites
  • Price: $5,500,000

Overview

Capstone Manufactured Housing is pleased to present the Lake Chautauqua Portfolio. This portfolio features 188 sites across two communities–High Acres and Fairdale Park. Both communities are well-positioned near Lake Chautauqua, which is one of the most popular inland lakes. The two communities are located within 20 minutes from each other, allowing for shared staffing between the communities. The portfolio showcases value-add opportunities with occupancy upside and expansion potential. High Acres consists of 94+ acres, 63+ of which are developed. The undeveloped acreage could allow a new owner to substantially increase GPR depending on how many sites are added. If an additional 100 pads are developed, GPR could increase by up to 57%.

Investment Highlights

  • Scaled Entry & Reduced Management Oversight
  • Upside in Filling Vacancy
  • Opportunity to Develop Additional Sites on Vacant Land

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
capstoneapts-logo