Louisville Portfolio

Louisville Portfolio

Louisville, KY
Available
  • Property Type: Manufactured Housing
  • Property Size: / 80 Acres / 409 Sites

Overview

Capstone Manufactured Housing is pleased to present the Louisville Portfolio, consisting of two adjacent parks: Hickory Acres Mobile Home Park and Autumn Leaf Estates. This offering features 409 sites across 79± acres in Shepherdsville, KY, which is 15 minutes away from Louisville. The portfolio benefits significantly from the current owners’ hands-on approach to managing the communities. Since acquiring the parks, the occupancy has substantially grown, and they’ve developed Phase II of Autumn Leaf Estates, leading to a drastic increase in cash flow. There are a variety of operational efficiencies at the communities, including direct-billed public utilities, shared staffing, and all lot-rent only resident owned homes. These characteristics greatly reduce the expenses and oversight needed to operate the communities. This offering presents an opportunity to acquire two stabilized assets in the Louisville MSA, with considerable rental upside and low operational oversight. 

Investment Highlights

Below Market Rents

Infrastructure

Operational Efficiencies

42 Homes for Sale or Scheduled to be Delivered

Robust Demand at Autumn Leaf Estates

Contact Information

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
Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@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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