Eastgate MHP

Eastgate MHP

Acworth, GA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 16 Acres / 114 Sites

Overview

Capstone Manufactured Housing is pleased to present Eastgate MHP, a 100% occupied 114-site community in Acworth, Georgia. The community is strategically located in an area where there are several development projects that are in the works or have been recently completed. The city itself is undergoing a redevelopment plan to improve existing infrastructure and develop amenities that would better serve its residents. While Eastgate MHP largely benefits from several operational efficiencies and location, the rental income upside is an incredible opportunity for an investor. Since the community is ideally situated near the Towne Lake Woodstock area, there is a sizeable number of apartment and townhome complexes, with strong rents and high occupancy. This mirrors the mobile home market, as the average occupancy is 96% with an average lot rent of $636. Furthermore, a mobile home park across the street from Eastgate MHP boasts rents that are over $200 higher. This offering presents a unique opportunity for a new investor to capitalize on the well-below market rents in one of the fastest growing neighborhoods in the Atlanta MSA.

Investment Highlights

» Significant Lot Rent Growth Potential
» Apartment & Townhome Development
» Public Utilities Paid by Residents
» Majority Lot Rent Only Residents
» Recent Capital Improvements
» Strong Location

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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