Twin Oaks Mobile Home Community

Category
Completed Projects, Current Portfolio
About This Project

Crystal View Capital Fund I, LLC is pleased to announce the acquisition of a 230 site mobile home community on 64 acres.  “This acquisition represents a very favorable yield at an 8.7% cap rate on the existing Net Operating Income while demonstrating significant upside potential.  At 61% occupancy, below market rents, and the ability to pass through $90,000 + per annum of water & sewer expense, we are confident in our ability to create significant value for our shareholders on this asset in the very near future.  The plan is to stabilize the property with new management, bring rents to market, fill the vacant sites over time, and most importantly for the bottom line – pass through the water & sewer expense by installing separate water meters for each individual tenant.  Once the sub-metering process is complete, the property will have an additional net operating income of approx $90,000 which translates into an increase in valuation of approx .  $1,200,000.  We are very pleased to add this asset to the Crystal View Capital Portfolio.”

Deal Highlights:

  • Off market purchase via an Estate sale.
  • Current free cash flow of $125,000 per annum and $215,000 per annum after sub-metering.
  • 14.2% current cash on cash return & 26.8% cash on cash return after sub-metering.
  • Governor Scott Walked recently approved Foxconn’s $10bn manufacturing facility which is estimated to bring thousands of jobs to the Southeast Wisconsin region.

 

About Crystal View Capital Fund I, LLC:

Crystal View Capital is a real estate investment partnership that focuses on the acquisition and management of opportunistic and underperforming commercial properties. Our portfolio is currently in excess of $45M in assets and is diversified between office, retail, industrial and multifamily properties across the West and Mid-West United States. Current shareholders are presently realizing an estimated 16%+ return on investment. Please contact our offices to receive an executive overview and learn more about making an investment into Crystal View Capital.