Price: Confidential
Total Spaces: 142
CAP Rate: 7.5%
Sold 2015
Overview:
Two property portfolio, located in LaGrange, Texas.
Investment Highlights:
- Two Community Portfolio Located In La Grange, Texas
- 98% Occupied
- All Direct Billed Utilities
- La Grange is Located Halfway Between Austin and Houston, Texas
- No Park Owned Homes
Sold 2015
Price: $1,900,000
Total Spaces: 37
CAP Rate: 7.5
Overview:
37 space mobile home park, located in Bayfield, Colorado.
Investment Highlights:
- Durango, Colorado MSA – Town of Bayfield
- 37 Space Park, 100% Occupied
- City Water and City Sewer
- No Park Owned Homes
- Average Rent is $450; Water is Sub-Metered and Billed Back to Tenants
- 25 Minutes From Durango
- Strong Demand for Affordable Housing
Sold 2015
Price: Confidential
Total Spaces: 162
CAP Rate: 6.35
Overview:
162 space, all-age community located in Georgetown, Texas.
Investment Highlights:
- Off Market Transaction, Call for Details.
Sold 2015
Price: $2,650,000
Total Spaces: 100
CAP Rate: 9%
Overview:
100 space all-age community located in the farming and ranching town of La Junta, Colorado.
Investment Highlights:
- 100 Space Manufactured Home Community in La Junta, Colorado
- All Utilities Direct Billed to Tenants
- Major Farming and Ranching Hub of Southeastern Colorado
- Strong Collection History
- Sites Can Accommodate New Single-Wide Homes
- 60 Miles East of Pueblo
- Historically Low Expense Ratio
Sold 2015
Price: Confidential
Total Spaces: 164
CAP Rate: 7.25
Overview:
164 space, all-age community located in Lumberton, Texas.
Investment Highlights:
- Call for Details
Sold 2015
Price: Confidential
Total Spaces: 202
CAP Rate: Call for Details
Overview:
202 space manufactured home community located in El Paso, Texas.
Investment Highlights:
- 3-Star, Subdivided El Paso Community
- Developed in +/- 1995
- All Utilities Direct Billed to Tenant
- Estate Sale, Offered Free and Clear of Debt
- Diversified Income Stream
- Multiple Ways to Realize Upside Potential
- Marketed Unpriced
Sold 2015
Price: Confidential
Total Spaces: 472
CAP Rate: Call for Details
Overview:
472 space, all-age portfolio located in Tucson, Arizona.
Investment Highlights:
- Two Community Portfolio Located in Tucson, Arizona
- 472 Total Sites (Diamond Grove- 153; Continental West- 319)
- 3-Star Quality
- Diamond Grove- Private Well (With In-Place Municipal Backup) and Municipal Sewer
- Continental West- Municipal Water and Sewer
- New Water Lines at Continental West
Sold 2015
Price: $5,100,000
Total Spaces: 121
CAP Rate: 7.0
Overview:
2-Star, all-age community located in the Colorado Springs MSA, Colorado.
Investment Highlights:
- 7.0% CAP Rate for the Park (No Rental Income Used in CAP Rate Calculation)
- 40 Homes were Negotiated and Sold with the Park (18 of which are 2014 and Newer)
- Upside in Filling 19 Vacant Lots
- Average Rent is $410; Water and Sewer are Sub-Metered and Billed Back
- Colorado Springs MSA – Town of Fountain, Colorado
Sold 2015
Price: Confidential
Total Spaces: 137
CAP Rate: 5.5
Overview:
Sold as an off-market portfolio with Canyon Ridge, for a total of 387 spaces.
Investment Highlights:
- 99% Physical Occupancy
- 3.5-Star Quality
- All-Age
- City Water and City Sewer
- Amenities Include River Access to Monument Creek and Bike Path, Clubhouse, Playground, and Covered Picnic Area
- Built in the Late 1990s
- No Park Owned Homes
Sold 2015
Price: Confidential
Total Spaces: 250
CAP Rate: 5.5
Overview:
Sold as an off-market portfolio with Monument Creek, for a total of 387 spaces.
Investment Highlights:
- 96% Physical Occupancy
- 3-Star Quality
- All-Ages
- City Water and City Sewer
- Amenities Include Clubhouse, Pool, Sports Court, Playground, and RV Storage
- Built in the Early 1990s
