Capstone Offering: Tampa Bay All-Ages Waterfront MHP

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Capstone Manufactured Housing is offering an all-ages waterfront mobile home community in the Tampa Bay, FL MSA. This offering presents an opportunity to acquire a 124-unit Mobile Home Community with immediate rental upside. The property includes 124 lots, 121, of which are occupied. There are 107 lot rents, 9 MH rentals, and 5 block cottages. Additionally, the property includes a recreational hall, office, large utility shed, boat ramp, and laundry facility.

Investment Highlights

Scenic, waterfront MH community.
Well-located within the Tampa Bay MSA.
City water and sewer is sub-metered to the residents.
Immediate rental upside.
Boat ramp and boat slips are available to residents.

Investment Summary

Price:  $5,000,000
Terms:  All-Cash
Community Type:  All-Ages
Lots:  119
Cottages:  5
Physical Occupancy:  98%
Economic Occupancy:  96%
Avg. MH Lot Rent:  $391
Avg. Cottage Rent:  $610