Download Offering Materials: Poplar Village
Capstone Manufactured Housing is pleased to Poplar Village in Fostoria, Ohio. This offering features 103 sites, consisting of 97 MH sites, 2 single-family homes, and 4 apartments. The community is currently 74% occupied, providing an opportunity to focus on filling vacancy to increase cash flow. By filling the existing 9 vacant park-owned homes, a new owner can realize approximately $30,000 of lot rental income in the first year of ownership. Additionally, current ownership has focused on elevating the standard of living with recent capital improvements. They made substantial improvements to the water & sewer systems and rehabbed park-owned homes so that they were move in-ready. This offering presents an opportunity for a new owner to build off the recent improvements and continue to transform the community into a beautiful, fully occupied community.
Investment Highlights
Upside in Filling Vacancy
Lot Rent Growth Potential
Recent Capital Improvements
Robust Demand for Mobile Home Housing in the Area
