Download Offering Materials: Feise Manor
Capstone Manufactured Housing is pleased to present Feise Manor, a 54-site community located in O’Fallon, Missouri. The city is part of the St. Louis MSA, which saw a 15% population jump from the 2010 to 2020 census. This offering features a robust 94% occupancy, with only 3 vacant sites and a low number of park-owned homes. Feise Manor benefits from several operational efficiencies including a majority of resident-owned homes and public utilities direct-billed to the residents. Together, these features contribute to reduced management oversight and a low operating expense ratio. Furthermore, the community is strategically located off State Highway K, which is lined with multiple restaurants, retail centers, and employment opportunities. This offering presents the opportunity to acquire a stabilized asset with significant operational efficiencies in a strong market.
Stabilized Turn-Key Asset
Majority Resident-Owned Lot Rent Only Homes
Public Utilities Direct-Billed To Residents
Below Market Lot Rents
Frontage Along Highway K And Accessibility to St. Louis MSA