Feise Manor
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Feise Manor
O'fallon, MO
Available
- Property Type: Manufactured Housing
- Property Size: / 10± Acres / 54 Sites
- Price: $5,050,000
Overview
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.
Investment Highlights
- Stabilized Turn-Key Asset
- Majority Resident-Owned Lot Rent Only Homes
- Public Utilities Direct-Billed to Residents
- Below Market Lot Rents
- Well-Maintained Community
- Frontage
Along Highway K And Accessibility to St. Louis MSA
Contact Information
Brian Hummell
Senior Investment Sales Advisor
P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca
Investment Sales Advisor
P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
