Edgewood Estates is a 40 Site All Family Mobile Home Community located in Mansfield, Ohio. The investment was constructed in 1957 in Richland County on 8.937 acres in a quaint residential area. Mansfield is strategically located between Cleveland and Columbus, Ohio off of Interstate 71 and US Route 30. The county’s road infrastructure has been recognized as one of the top 5 in the nation.

The property is approved for 40 licensed lots where 39 sites are currently developed and 23 are currently occupied. Edgewood is a low-risk investment that can be easily owner-managed passively, although a hands on management approach will revitalize occupancy, cash flow and value. This all family community offers an investor an attractive double digit cash on cash return of 11.72% without factoring in rent or occupancy increases. However, future occupancy increases can potentially double the value of the asset providing tremendous capital appreciation to complement strong cash on cash returns.

http://bglcooper.listinglab.com/EdgewoodEstates