Marcus & Millichap is pleased to offer a 135 Licensed Site
Manufactured Home Community in Boardman, Ohio. The
community currently consists of 110 sites due to
reconfiguring over the past 10 to 15 years. The current
operators have maintained a stable occupancy of 85%-90%
through these tough economic times, while keeping the
delinquencies down. Also on-site are five permanent
buildings including the office, party center, laundry room,
garages and storage building which produce additional
income. Based off of current operations the asset is being
offered for $1,300,000 which is only $11,800 per site. An
astute investor will have the opportunity to increase their
cash flow exponentially by reducing the expenses that
currently account for $2,188 per site or 65.16% of the
income. The community is on City water and sewer which is
master metered and paid for by the tenants via sub-meters.
Also, most of the electric is sub-metered and reimbursed to
the landlord