New Offering: New 100-Site MH Community in Minneapolis MSA | Direct-Billed Public Utilities & Significant Upside

Download Offering Materials: Urban Grove MHC

Capstone Manufactured Housing is pleased to present Urban Grove MHC, a recently redeveloped All-Ages community in Minnesota. This community features 100 sites just minutes away from Downtown Minneapolis in the quaint town of St. Anthony. It provides an affordable housing option to residents in the area dealing with the inflated home prices and high apartment rents. With an influx of new home inventory coming in by the end of the year and the major upside in filling vacancy, Urban Grove is unlike any other communities in the area. Current ownership has done extensive renovations and capital improvements to further separate this community from the market competition, including complete road repaving, new utility infrastructure, and cosmetic changes to on-site amenities. Urban Grove also features operational efficiencies in that all utilities are public and direct-billed and showcases below market rents further increasing upside. This offering presents investors with an opportunity to acquire a well-maintained, revitalized community in the Minneapolis MSA, with strong operational characteristics and significant upside.

Investment Highlights: 
Massive Demand for Affordable Housing in Immediate Market
Recently Redeveloped Community with Excellent Curb Appeal
Direct-Billed Public Utilities
Upside in Filling Vacancy
Great Accessibility to Minneapolis
New 2022 Home Inventory
Below Market Rents
On-Site Amenities Including a Playground, Picnic Area, & Office

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