Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1493279
  • Posted On: Aug 9, 2021
  • Updated On: Dec 1, 2021

Description

The NMHC Group of KW Commercial is pleased to present Belmont Community, a 36 site manufactured housing community
located in Alger Ohio. Belmont Community currently has 18 tenants paying lot rent, 12 renters in park-owned-homes, and 6 vacant sites. The community is serviced by municipal sewer and water.

Alger Ohio is a bedroom community of Lima, and is roughly an hour to the Columbus MSA. Columbus offers numerous opportunities for employment and an airport for any out of town investors. Belmont offers an investor an immediate opportunity to increase cash flow via rental increases. Only one increase has been
implemented in the last 10 years and the rents are significantly below the market ($355). As always, this is a confidential listing. Please do not visit the property without scheduling a showing with the listing agent. When on site, do not speak with any employees or residents. Please contact us for additional information.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 84.0 %
Average MH Lot Rent: $185

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $566

Other Listings by Buddy Martin

Similar Mobile Home Parks for Sale