Download Offering Materials: Alder Ridge Estates
Capstone Manufactured Housing is pleased to present Alder Ridge Estates. This 145-site offering presents a unique opportunity to acquire a truly passive investment in the rapidly expanding market of Billings MT, which was recently ranked #1 on Wall Street Journal’s Housing Market Index.
Located within village subdivision, all 145 lots have their own legal description, public direct-billed utilities and city-owned/maintained infrastructure, closer resembling the operations of a residential subdivision than that of a traditional MHP. Although the community runs like a traditional subdivision, there is no active Homeowners Association in place that would limit or impede on any operational control of an investor. This offering presents a one-of-a-kind investment opportunity, in one of the fastest growing markets in the county, with minimal oversight and an abundance of operational efficiencies.
Investment Highlights
- Billings Recently Ranked #1 on Wall Street Journal’s Housing Market Index
- 99% Occupied
- All Resident-Owned Homes
- Zero Park-Owned Homes
- Direct-Billed City Utilities
- Water, Sewer, Trash, Electric, Natural Gas
- City-Owned and Maintained Infrastructure
- Streets, Water Lines, Sewer Lines
