New Offering: MHI’s 2020 Land-Lease Community of the Year | 80-Site, Age Restricted 55+ MH in Sebastian, FL | 100% Lot Rentals with No Park-Owned Homes

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Capstone Manufactured Housing is pleased to present MHI’s 2020 Land Lease Community of the Year: Beach Cove, an 80-site manufactured housing community located in Sebastian, Florida.  Situated on 31.57± acres, there is excess land permitted to develop 58 additional sites. At the current lot rents, an additional 58 sites will increase the annual gross potential income by $438,840. Furthermore, there are 18 vacant developed sites which a new owner can focus on filling to realize immediate income. Neighboring manufactured housing communities have an average occupancy of 96%; thus, the vacant and undeveloped sites present an enormous value-add opportunity.

At this 55+ community, residents enjoy resort-like amenities including a clubhouse, swimming pool, and tiki hut. With the beautifully manicured landscaping and palm trees lining the paved roads, Beach Cove resembles a premier Florida neighborhood. This offering presents the unique opportunity to acquire an institutional-level asset with substantial rental upside and land development.

Investment Highlights

MHI’s 2020 Land-Lease Community of the Year

Upside in Filling Vacancy

Opportunity to Develop 58 Additional Sites

Substantial Rent Upside

Direct Billed Public Utilities

100% Lot Rentals with no Park-Owned Homes

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