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.
Upside in Filling Vacancy
Lot Rent Growth Potential
Recent Capital Improvements
Robust Demand for Mobile Home Housing in the Area