Download Offering Materials: Scottsboro, AL Portfolio
Capstone Manufactured Housing is pleased to present the Scottsboro Portfolio, consisting of two communities, C&F and G&G. The portfolio is strategically located in the Northeast corner of Alabama, providing easy accessibility to Tennessee and Georgia. Furthermore, Scottsboro is only 45 minutes east of Huntsville, which was recently ranked as the #1 Place to Live in the United States by the U.S. News and World Report. Huntsville is the most populous city in the state and is known for an important role in the aerospace industry.
The Scottsboro Portfolio features a total of 102 Rental sites across the two communities. They both boast occupancies at, or above, 90% and a low number of park- owned homes. Since the communities are so close to each other, they benefit from shared management capabilities. Additionally, there are few communities in the immediate area, and since the portfolio makes up the largest ones, ownership can set the market rate. For example, they recently increased rents, and 97% of the current resident base agreed to the new rate. This offering presents the opportunity to acquire two turn-key assets with several operational efficiencies.
Public Utilities with Water & Sewer to Be Sub-Metered for New Ownership
Shared Staffing Capabilities Due to Close Proximity
Accessible To Large Metro Areas, Such as Huntsville, Chattanooga, And Atlanta
Stabilized Turn-Key Asset
Majority Resident-Owned Lot Rent Only Homes
Two Of the Largest Communities in Scottsboro