Capstone Manufactured Housing is pleased to present Colonial Village, a 118-site manufactured housing community located in Fredericktown, Ohio. The community sits approximately 8 miles north of Mount Vernon and 53 miles northeast of Columbus. Colonial Village features operational efficiencies due to public/direct-billed utilities (except trash) and consists of primarily resident owned homes. This eliminates costly repairs and maintenance expenses, and reduces overall management oversight. Additionally, current rents are well below market competition, leaving significant opportunity to increase rents. This offering presents investors the opportunity to acquire a well-maintained community with direct-billed public utilities, as well as substantial value-add in the form of future rent and occupancy upside.

• DIRECT-BILLED PUBLIC UTILITIES (TRASH EXCLUDED)
• UPSIDE IN FILLING VACANCY
• OPPORTUNITY TO BRING CURRENT RENTS TO MARKET RATE
• THE COMMUNITY CONTAINS VERY FEW PARK-OWNED HOMES, REDUCING COSTLY REPAIRS & MAINTENANCE, PAYROLL, AND CONTRACTOR SERVICE EXPENSES
• OVERSIZED LOTS WITH WELL-MANICURED LANDSCAPING
• NEWLY PAVED STREETS IN 2021
• NEW SEWER LIFT PUMPS