Capstone Manufactured Housing is pleased to present Eastgate
MHP, a 100% occupied 114-site community in Acworth, Georgia. The community is
strategically located in an area where there are several development projects
that are in the works or have been recently completed. The city itself is
undergoing a redevelopment plan to improve existing infrastructure and develop
amenities that would better serve its residents. While Eastgate MHP largely
benefits from several operational efficiencies and location, the rental income
upside is an incredible opportunity for an investor. Since the community is
ideally situated near the Towne Lake Woodstock area, there is a sizeable number
of apartment and townhome complexes, with strong rents and high occupancy. This
mirrors the mobile home market, as the average occupancy is 96% with an average
lot rent of $636. Furthermore, a mobile home park across the street from
Eastgate MHP boasts rents that are over $200 higher. This offering presents
a unique opportunity for a new investor to capitalize on the well-below market
rents in one of the fastest growing neighborhoods in the Atlanta MSA.