3-Park Indiana Portfolio

3-Park Indiana Portfolio

Muncie, IN
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 54.69 Acres / 288 Sites

Overview

Capstone Manufactured Housing is pleased to present the 3-Park Indiana Portfolio, comprised of 288 sites across three communities:  White River Estates, Water Tower Village, and Fairview Village. This portfolio features immediate upside due to rents being well below the surrounding market competition and the opportunity to lease up vacant sites. Current ownership has made significant recent improvements across all three communities by installing Metron submeters to bill-back water & sewer, installing new mailboxes & signs, and major cleanup efforts including the removal of numerous older homes. These improvements help serve as a major catalyst to future lease-up and infill opportunities. This offering provides investors with the opportunity to acquire three well-located communities with immediate upside and value-add opportunities. 

Investment Highlights

City Water/Sewer

Below Market Rents

Scaled Entry Into Markets

Upside in Filling Vacancy 

Contact Information

Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
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