Poplar Village

Poplar Village

Fostoria, OH
Available
  • Property Type: Manufactured Housing
  • Property Size: / 13.6 Acres / 103 Sites

Overview

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. 

Investment Highlights

Upside in Filling Vacancy

Lot Rent Growth Potential

Recent Capital Improvements

Robust Demand for Mobile Home Housing in the Area

Contact Information

Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@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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