Capstone Manufactured Housing is pleased to present Ridgewood Park,
a 60-site manufactured housing community located in Chapel Hill, North
Carolina. This community is well-maintained, situated within the
Raleigh-Durham-Chapel Hill Metropolitan Area, and is located 10 minutes
southwest of the University of North Carolina at Chapel Hill. Residents
at Ridgewood enjoy a neighborly environment with large lots, abundant
privacy, family-friendly atmosphere, and great curb appeal. The
community benefits from a robust 92% occupancy, low turnover, and
features below market rents with additional opportunities to realize
currently uncaptured pass-through income in the future. Additionally,
Ridgewood is one of the very few manufactured housing communities
located in the Chapel Hill-Carrboro City school district which is
consistently ranked the best public school system in the state.
This offering presents the opportunity
to acquire a well-located community with immediate rental upside, strong
operational characteristics, and a lot-rent only income profile.