Altoona Portfolio

Altoona Portfolio

Altoona, PA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 33 Acres / 174 Sites

Overview

Full Offering Memorandum Coming Soon

Capstone Manufactured Housing is pleased to present the Altoona PA Portfolio, which consists of two communities, Eldorado Court and Independence Place. The communities are ideally situated in the Altoona MSA and are a short distance (4.0 miles) away from each other, allowing for shared staffing. At 96% portfolio occupancy with public utilities and no park-owned homes, there is minimal oversight required. All these characteristics help lower the operating expense ratio, in turn generating a higher net operating income. This offering presents the unique opportunity for investors to acquire a turn-key portfolio with multiple operational efficiencies.

Investment Highlights

1.        Age Restricted 55+ Communities

2.      No Park-Owned Home Rentals; All Lot-Only Resident-Owned Homes

3.      Public Utilities Billed Back To Residents

4.      96% Portfolio Occupancy

 

·        92% Occupancy At Eldorado Court

·        100% Occupancy At Independence Place

5.      Shared Staffing Due To Close Proximity Of The Parks

6.      Stabilized Turn-Key Assets

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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