Capstone Offering: Eastern Tennessee MHP with Immediate Rental Upside

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Capstone Manufactured Housing presents the opportunity to acquire a 108-lot mobile home community located in Midway, TN that offers immediate rental upside. The property includes 73 occupied sites. Out of the 73 homes on the property, 57 are owned by the park.

The property is well-situated close to local employers, and is serviced by city water and sewer.

Investment Highlights

Well-Located Within a 1 Hour Drive to Both Knoxville and Johnson City
City Water and Sewer
Newer Homes
Occupancy, Rental, & Operational Upside
Close Proximity to Employers

Investment Summary

Price:  $2,300,000
Terms:  All-Cash
Community Type:  All-Ages
Total Lots:  108
Park-Owned Homes:  57
Physical Occ.:  67.6%
Economic Occ.:  65.7%
Avg. MH Lot Rent:  $160
Avg. Home Rent:  $425

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