Tallahassee Portfolio

Tallahassee Portfolio

Tallahassee, FL
  • Property Type: Manufactured Housing
  • Property Size: / 33.31± Acres / 159 Sites


Capstone Manufactured Housing is pleased to present the Tallahassee Portfolio, a 3-park portfolio comprised of 159 sites. Tallahassee is the capital of Florida and is home to Florida State University, both of which are the top two employers in the city. All the communities in the portfolio are located on the outskirts of Downtown Tallahassee, only minutes away from major retail centers and universities. The communities benefit from their close proximity to each other, allowing for reduced management oversight and shared staffing. Additionally, the portfolio showcases direct-billed public utilities at Carriage Manor and Orange Park. This provides ample opportunity for a new owner to implement a similar program at Western Estates to further improve cash flow. An investor can also increase cash flow by introducing rent increases or employing an effective lease-up strategy. This offering presents the opportunity to acquire a value-add portfolio located in the heart of Tallahassee, FL. 

Investment Highlights

  • Public Utilities
  • Opportunity to Bill-Back Utilities at Western Estates
  • Tremendous Upside in Filling Vacancy
  • Communities Located Less than 5 Miles from One Another
  • Shared Staffing 



Contact Information

Kevan Enger Managing Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
Ian Hilpl Partner P: 315.406.0900
O: 800.261.9464 ext. 7008
Brian Hummell Director P: 614.318.5482
O: 800.261.9464 ext. 7011
Hunter LaRocca Senior Advisor P: 407.227.9643
O: 800.261.9464 ext. 7012