Stonegate MHC

Stonegate MHC

Midland, TX
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 23 Acres / 185 Sites

Overview

Capstone Manufactured Housing is pleased to present Stonegate MHC, a 185-site manufactured housing community located in Midland, Texas. Stonegate MHC, the only community located in the heart of the city, is 13 miles away from the Spaceport Business Park, and due to the favorable location, Stonegate MHC offers its residents a quick and easy drive throughout the city. To further separate the community from the rest of the parks, Stonegate MHC offers the nicest neighborhood to residents. All the homes— including the 16 park-owned homes—are in wonderful condition and are laid so there are no visible gaps between homes, providing the sense of a true neighborhood.

The community is an attractive investment due to a host of operational efficiencies. Public utilities service the park, and the residents pay for their usage through direct-billing or submetering. Since there are so few park-owned homes, all of which are 2014 or newer, the costly repairs and maintenance normally associated with inventory homes is kept at a minimum. Additionally, the community is 89% occupied, meaning a new owner has only 19 vacant sites to occupy.

This offering presents an enticing opportunity to invest in a stabilized community in Midland, Texas, with beautiful curb appeal and operational efficiencies.

Investment Highlights

Superior Curb Appeal

Fantastic Location Amid Midland Economic Development

Operational Efficiencies

Midland Multi-Family Market

Contact Information

Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Brian Hummell Senior 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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