Logansport, IN Portfolio

Logansport, IN Portfolio

Logansport, IN
Available
  • Property Type: Manufactured Housing
  • Property Size: / 28.45 Acres / 88 Sites

Overview

Capstone Manufactured Housing is pleased to present the Logansport, IN Portfolio, which consists of two communities—Crescent Hills MHP and Pleasant Valley MHP. The portfolio features 88 existing sites, with a development opportunity of 60 sites at Pleasant Valley MHP. It is licensed for 100 sites, but only 12 acres have been developed, leaving ±10 acres of land to be built into additional sites.

Only a short 10-minute drive from each other, the proximity of the parks allows ownership to benefit from lower operating expenses and shared management. Furthermore, the properties consist mostly of lot rent and contract homes, which greatly reduces repairs and maintenance and operational oversight. This offering presents the opportunity to acquire two well-occupied communities in the same city with potential to develop vacant land at Pleasant Valley.

Investment Highlights

Majority Lot Rentals

Strong Occupancy

Ability to Pass Through Water & Sewer at Pleasant Valley

Excellent Curb Appeal

Shared Staffing Between Communities

Expansion Potential at Pleasant Valley 

Contact Information

Brian Hummell 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 Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
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