Pine Meadows MHP

Pine Meadows MHP

Columbus, GA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 61 Acres / 444 Sites

Overview

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.

Investment Highlights

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:

  • 50 New Home Installations
  • Repaving Roads
  • Upgrading Utility Lines for New Home Installations
  • New Skirting on All Park-Owned Homes

Contact Information

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
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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