Fayetteville, NC Portfolio

Fayetteville, NC Portfolio

Fayetteville, NC
Available
  • Property Type: Manufactured Housing
  • Property Size: / 53.6 Acres / 285 Sites

Overview

Capstone Manufactured Housing is pleased to present the Fayetteville, NC Portfolio. This portfolio is comprised of 285 total sites across two communities – Cross Creek Pond MHP and Lone Pine MHP. The two communities are strategically positioned less than 5 miles apart and provide immediate scaled entry into the Fayetteville MSA. The proximity of these communities allows ownership to benefit from shared staffing, helping to reduce costly management oversight and expenses. The portfolio showcases a combined 94% occupancy, public utilities, and well below market rents. Additionally, new management can substantially reduce operating expenses by converting current Park-Owned Home Rentals to a Lease-to-Purchase structure. This offering presents an opportunity to gain scaled entry into the Fayetteville MSA by acquiring two well-located communities with strong occupancy and below market rents. 

Investment Highlights

Scaled Entry into the Fayetteville MSA by Acquiring 285 Sites Across Two Communities

94% Portfolio Occupancy

Below Market Rents with Scheduled Rent Increases—Effective September 1, 2021, The Lot Rent and POH Rent Will Increase By $25

Public Water/Sewer

Strong Location with Favorable Accessibility

Well-Maintained With Excellent Curb Appeal

Shared Staffing Between Communities

Limited Amenities—Preventing Costly Expenses and Labor Associated with On-Site Amenities

Opportunity To Convert Current Park-Owned Home Rentals to A Lease-To-Purchase Structure

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 Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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