Spanish Trails Community

Spanish Trails Community

St. Augustine, FL
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 21.5 Acres / 131 Sites

Overview

Capstone Manufactured Housing is pleased to present Spanish Trails: a 55+ community located in St. Augustine, Florida, featuring 131 sites across 21+ acres. The community is well-positioned near Interstate 95, U.S. Highway 1, and Florida A1A, providing the community and town residents with easy access throughout the surrounding area. Additionally, Spanish Trails is situated within a Qualified Opportunity Zone, which provides federal tax incentives for investors to re-invest their capital gains. The community benefits from a robust 100% occupancy and requires minimal oversight due to majority of the homes being resident owned. This offering presents an opportunity to acquire a well-located 55+ community with below market rents, and operational efficiencies.

Investment Highlights

·         Substantial Rental Upside

·         55+ Community with Operational Efficiencies

·         Lack of Affordable Housing in Surrounding Area

·         Strong Location with Excellent Accessibility

Contact Information

Ian Hilpl Senior Advisor 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 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
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