Ridgewood Park

Ridgewood Park

Chapel Hill, NC
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 22 Acres / 60 Sites

Overview

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.

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Investment Sales 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
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