Capstone
Manufactured Housing is pleased to present Pine Meadows MHP, a 444-site
community in Columbus, Georgia. As the second-largest city in the state,
Columbus lies along the Alabama/Georgia border and is part of the growing
Columbus–Auburn–Opelika MSA. Pine Meadows MHP is the single-largest
manufactured housing community in the area, providing immediate scaled entry
with over 400 sites. Furthermore, the community currently operates at 23%
occupancy. This presents the unique opportunity to acquire a community with
substantial upside through leasing up the vacant lots. For example, if the
community leased up 50 of the 95 vacant park-owned homes in Year 1, effective
rental income would increase by $341,000 (58%). A new owner can significantly improve
income by focusing on an aggressive lease-up strategy. The offering presents
investors the opportunity to acquire a well-located community with an
extraordinary rental upside and scaled entry.
Tremendous
Value-Add Opportunity
Scaled Entry by
Acquiring Largest Community in Columbus, GA
Public
Utilities Paid for by Residents Through Submetering, Direct Bill or Flat Fee
Recent Capital
Improvements Including: