Capstone is pleased to present a 60-site community in the New Haven MSA. Home to Yale University, New Haven is a vibrant city, coined the “Culture Capital of Connecticut.” The city has consistently boasted low residential vacancy rates with several new developments in the pipeline. Nevertheless, there are very few manufactured housing communities in the immediate area surrounding the park, highlighting the community as one of the few affordable housing options. Connecticut is undergoing an affordable housing crisis, where ~34% of its residents pay more than a third of their income for housing. Those low vacancy rates indicate that there are few apartments available. Studies show that Connecticut lacks over 86,000 affordable, available units. In the immediate area, the options for residential living outside of single-family homes are extremely limited, pushing residents to seek out multi-family apartments in neighboring towns. The community occupancy is 97%, with one vacant park-owned home ready to rent or sell, and it is expected to reach 100% occupancy in the coming months. The last home in the community sold for $59,000, and there are no manufactured homes for sale in the area. In addition to 55 MH sites, the community features 3 apartments, 2 small commercial spaces, and a vacant space, which can be converted to 1 or 2 apartments. Two additional apartments would bring in over $36,000 of income at the current rents. This offering presents the opportunity to acquire a stabilized community in the New Haven MSA.

• Limited MHC Inventory in Immediate Area
• Proximity to Danbury, Waterbury, and New Haven MSA
• 100% Resident Owned, Lot Rent Only Residents
• Opportunity to Convert Space Into 1-2 Apartment Units
• Stabilized 97% Occupancy