Download Offering Materials: Fohl Village
Capstone Manufactured Housing is pleased to present Fohl Village, a 321-site community located in Canton, Ohio. Made up of mostly resident-owned homes, the low number of park-owned homes reduces costly repairs & maintenance and management oversight. Current ownership has done an excellent job of enhancing and maintaining the curb appeal and aesthetics of the community. It is laid out across 90 well-manicured acres, including an amenities package of a swimming pool, playground, and clubhouse. There are 80 acres of undeveloped land, which is approved for 100 expansion sites.
Fohl Village is currently operating at 78% occupancy, leaving 68 sites to fill, and at the current lot rents, this would bring in an additional $301,920 of lot rent income. Furthermore, since the utilities are included in the lot rent, the adjusted lot rent is 51% ($145) below the market average. A new owner can either increase the lot rents or gradually implement utility pass-throughs to increase revenue. This offering presents investors with the opportunity to acquire a beautifully maintained community, with strong operational characteristics while also providing substantial value-add components.
99% All Resident Owned, Lot Rent Only Homes
Upside in Filling 68 Vacant Sites
Expansion Opportunity—100 Additional Sites
Below Market Lot Rents
Opportunity to Pass Back Utilities to Residents
Beautiful Curb Appeal & Excellent On-Site Amenities