Grand Valley Village

Capstone is pleased to present Grand Valley Village, a 459-site community in Springfield, Illinois. The offering features several upside opportunities, such as filling the vacant homes and improving water & sewer utility recapture. For example, if only 25% of the inventory homes were filled in Year 1, the effective rental income would increase by $608,729. With the recent Section 8 Housing changes that filled the market with numerous vouchers for higher rents, a new owner could immediately increase cash flow by focusing on the in-fill. Alternatively, a new owner could look into improving the utility recapture. The community benefits from public utilities billed back to the residents, but the overall recapture rate hovers around 54%. If this rate was increased to 85%, a new owner could realize over $89,000 of additional income.

Investment Highlights:

Springfield Housing Authority Opportunity

Newer Home Inventory

Significant Upside in Filling Vacant Homes

Public Utilities with Opportunity to Improve Recapture