Download Offering Materials: Eastgate MHP
Capstone Manufactured Housing is pleased to present Eastgate MHP, a 114-rental site community in Acworth, Georgia. The community is situated on approximately 15 acres, with approximately 1 additional acre for future expansion. It benefits from all underground, public utilities. The community is strategically located in an area where there are several development projects that are ongoing or that have been recently completed. The city itself is undergoing a redevelopment plan to improve existing infrastructure and develop amenities that would better serve its residents.
While Eastgate MHP largely benefits from several operational efficiencies and location, the rental income upside is an incredible opportunity for an investor. Since the community is ideally situated near the Towne Lake Woodstock area, there is a sizeable number of apartment and townhome complexes, with strong rents and high occupancy. In addition, the rents for the community are currently under market relative to the other mobile home parks in the area. For example, a mobile home park across the street from Eastgate MHP boasts rents that are over $200 higher. This offering presents a unique opportunity for a new investor to capitalize on the well-below market rents in one of the fastest growing areas in the Atlanta MSA.
Apartment & Townhome Development In The Vicinity