Central Illinois Portfolio

Central Illinois Portfolio

Watseka, IL
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 26 Acres / 110 Sites

Overview

Capstone Manufactured Housing is pleased to present the Central Illinois Portfolio. This portfolio features 110 sites across two communities—Sugar Creek MHP and Watch-E-Kee MHP. The two communities are strategically located approximately 5 miles apart, allowing for shared staffing between the communities; thus, helping to reduce costly payroll/management expenses. Additionally, Sugar Creek MHP is situated within a qualified opportunity zone, which provides federal tax incentives for investors to reinvest their capital gains. This offering presents the opportunity to acquire two well-maintained communities with tremendous upside.

Investment Highlights

Lot Rent Growth Potential

Recent Capital Improvements

Upside in Utility Recovery

Majority Resident-Owned Homes Reducing Costly Repairs & Maintenance and CAPEX

Reduced Management Oversight Due to Proximity of Communities

Sugar Creek—Located Within a Qualified Opportunity Zone

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Analyst P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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