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Capstone Manufactured Housing presents the opportunity to acquire a 108-lot mobile home community located in Midway, TN that offers immediate rental upside. The property includes 73 occupied sites. Out of the 73 homes on the property, 57 are owned by the park.

The property is well-situated close to local employers, and is serviced by city water and sewer.

Investment Highlights

Well-Located Within a 1 Hour Drive to Both Knoxville and Johnson City
City Water and Sewer
Newer Homes
Occupancy, Rental, & Operational Upside
Close Proximity to Employers

Investment Summary

Price:  $2,300,000
Terms:  All-Cash
Community Type:  All-Ages
Total Lots:  108
Park-Owned Homes:  57
Physical Occ.:  67.6%
Economic Occ.:  65.7%
Avg. MH Lot Rent:  $160
Avg. Home Rent:  $425

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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.

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Nov

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