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Capstone Manufactured Housing is pleased to present a 55+ MH community along Florida's Central East Coast. This offering presents an opportunity to acquire a 79-unit stabilized MH/RV/Motel property with immediate value-add upside. The property includes 48 occupied mobile home lots, 11 bungalows equipped with appliances, 8 motel rooms, 6 cottages, and 6 RV sites. Additionally, the property includes a swimming pool and a 2 bedroom concrete block home that is perfect for a manager.

The property is well-located in Edgewater, Florida, just west of New Smyrna Beach and is only 10 minutes east of I-95, which connects the entire eastern seaboard. Located a short distance from the property there are ample dining and shopping options, including major chain grocers Winn-Dixie and Publix Supermarket. Additional local amenities include Three Sisters Island and Mosquito Lagoon Aquatic Preserve, both of which offers numerous recreational activities for residents and visitors alike. Located only 20 minutes north of Edgewater is World Famous Daytona Beach. Orlando’s world-class attractions and International Airport are just an hour away.

Investment Highlights

Well-Maintained 55+ MH Community

Great Location: Convenient to Beaches, I-4, and I-95

City Water and Sewer – Currently Paid by Park

Immediate Rental Upside

Good Mix of Long-Term MH Lot Rent Units Along with

Short-Term Units to Take Advantage of Peak Season and Local Events

Investment Summary

County:  Volusia

Acreage:  6.0

Classification:  2-Star

Community Type:  55+ Community & Motel

Type of Ownership:  Fee Simple

Flood Zone:  X

Zoning:  MH-S Mobile Home Special District

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Capstone Closes $16.9 Million Sale of 299-Unit Apartment Community in Greensboro, NC

Capstone Apartment Partners has closed the $16.9 million sale of Brannon Park: a 299-unit garden-style apartment community in the Northeast Greensboro submarket, situated within one mile of two grocery stores, several restaurants, and retail outlets. The tree-lined property sits on nearly 24 acres, with 13 three-story apartment buildings nestled around a small lake.

04

Nov

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