New Offering: 159-Site MH Portfolio in Tallahassee, FL | Significant Upside in Filling Vacancy & Below Market Rents

Download Offering Materials: Tallahassee Portfolio 

Capstone Manufactured Housing is pleased to present the Tallahassee Portfolio, a 3-park portfolio comprised of 159 sites. Tallahassee is the capital of Florida and is home to Florida State University, both of which are the top two employers in the city. All the communities in the portfolio are located on the outskirts of Downtown Tallahassee, only minutes away from major retail centers and universities. The communities benefit from their close proximity to each other, allowing for reduced management oversight and shared staffing. Additionally, the portfolio showcases direct-billed public utilities at Carriage Manor and Orange Park. This provides ample opportunity for a new owner to implement a similar program at Western Estates to further improve cash flow. An investor can also increase cash flow by introducing rent increases or employing an effective lease-up strategy. This offering presents the opportunity to acquire a value-add portfolio located in the heart of Tallahassee, FL.

 

Investment Highlights
Public Utilities
Opportunity To Bill-Back Utilities At Western Estates
Tremendous Upside In Filling Vacancy
Communities Located Less Than 5 Miles From One Another
Shared Staffing

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