Feise Manor

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

Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
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
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