Seminole MHP

Seminole MHP

Tallahassee, FL
  • Property Type: Manufactured Housing
  • Property Size: / 9.89± Acres / 44 Sites
  • Price: $1,950,000


Capstone Manufactured Housing is pleased to present Seminole MHP, a 44-site community in Tallahassee, FL. Located right off of I-90, this community is only a 20-minute drive from the Sunshine State capital which is rich in history, culture, and many recreational activities. Current ownership has done a great job enhancing the curb appeal by re-paving the roads, installing water meter readers at every site, vacating problem residents, and re-skirting and re-siding park-owned homes. By focusing on an aggressive leasing strategy for the vacant park-owned homes, a new owner could increase income significantly. This offering provides investors with an opportunity to acquire a community in the Tallahassee MSA with value-add components.

Investment Highlights

  • Frontage to US-90 with Immediate Access to Tallahassee
  • Recent Implementation of Water Meter Readers & Recapture Upside
  • Immediate Upside in Filling Vacant Park-Owned Homes
  • Recent Capital Improvements Including Road Repaving, Park-Owned Homes Repaired, & Water Submetering Project

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