Wolf Bay MHC

Wolf Bay MHC

Elberta, AL
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 8 Acres / 45 Sites

Overview

Capstone Manufactured Housing is pleased to present Wolf Bay MHC. This manufactured housing community features 45 sites across 8+ acres in Foley, Alabama and adjacent to Gulf Shores. This offering features immediate rental upside due to current rents being substantially below what the market presently supports. Wolf Bay MHC benefits from direct billed/submetered utilities, with additional utility recapture possible. This community is positioned advantageously in the path of progress and reaps the benefits of the expanding market in Baldwin County, which was recently named the fastest growing county in Alabama.

Several major development projects are creating significant and long-term economic momentum for the area. OWA, a premier destination resort, was recently opened in the heart of Foley. This family friendly retail, dining, and entertainment development will continue to anchor new investments in the area and help to facilitate sustained job growth in the region. Other recently completed developments include the Foley Sports Tourism Complex (which brings in thousands of athletes and families each year for national tournaments) and the recently completed Tanger Outlet Mall. These significant developments provide positive economic impacts to the area and a substantial value-add in the form of future rent and occupancy upside for Wolf Bay MHC.

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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