Northeast Ohio Portfolio

Northeast Ohio Portfolio

Northeast, OH
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 13.68 Acres / 133 Sites
  • Price: $4,131,050

Overview

Capstone Manufactured Housing is pleased to present the Northeast Ohio Portfolio. This portfolio features 133 sites across two communities. The two communities are located less than 3 miles apart in Northeast Ohio. The proximity of these communities allows ownership to benefit from shared staffing, helping to reduce costly management oversight and expenses. Additionally, each community operates on city water and sewer and is primarily made up of resident-owned homes. This offering presents the opportunity to acquire two communities with significant value-add in the form of future rents and occupancy upside. 

Investment Highlights

Lot Rent Growth Potential

Upside in Filling Vacancy

City Water/Sewer

Shared Staffing Due to Proximity of the Parks

Majority Resident Owned Homes–Reducing Costly Repairs and Maintenance Expense

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

Recent Capital Improvements

Scaled Entry Into Market by Acquiring Across 2 Communities

Contact Information

Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 7011
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 7008
ian@capstone-companies.com
Hunter LaRocca Senior Advisor P: 407.227.9643
O: 800.261.9464 ext. 7012
hunter@capstone-companies.com