Grove Park

Grove Park

Douglas, GA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 34.48± Acres / 97 Sites

Overview

Capstone Manufactured Housing is pleased to present Grove Park, a 97-site community located in Douglas, GA. The city of Douglas is rich in history, has great small-town charm, and is only 59 miles Northeast of Valdosta. This well-maintained community is in a qualified opportunity zone that is strategically positioned off US-441 and provides residents with immediate access to Downtown Douglas. Additionally, Grove Park features mostly resident-owned homes and a strong occupancy of 95% allowing for minimal oversight. This community also features below market lot rents of $225, allowing for immediate rental upside; therefore, a new owner could implement scheduled lot rent increases to better align with the market and in turn, boost revenue. This offering presents investors with an opportunity to acquire a well occupied asset with significant lot rent upside; thus, allowing new ownership to increase clash flow from the start of acquisition.

Investment Highlights

  • Immediate Lot Rental Upside
  • 98% Resident-Owned Homes
  • Stabilized 95% Economic Occupancy
  • Frontage To Us-441 with Direct Access to Douglas, GA
  • Well-Maintained Community
  • Located Within a Qualified Opportunity Zone

Contact Information

Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@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
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
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