Urban Grove MHC

Urban Grove MHC

St anthony, MN
Available
  • Property Type: Manufactured Housing
  • Property Size: / 11.1 Acres / 100 Sites

Overview

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

Contact Information

Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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