Mobile Home Park Details
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Purchase Method:
New Loan
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Cap Rate:
10.1%
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Listing ID:
16167
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Posted On:
Sep 9, 2010
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Updated On:
Jun 15, 2011
Description
Rolling Wheel offers an investor the opportunity to acquire strong cash flowing community that has historically maintained 100% occupancy. The community is on public sewer and private well water which the landlord is responsible for paying. This would allow for a new owner to sub-meter the lots and recapture the water and sewer expense. Rolling Wheel has been family owned and operated for years but the seller has decided to retire from his ownership and management duties which opens the door for a new investor to step into a stable and well run asset.
Location
Rolling Wheel Mobile Home Park is licensed for 14 sites and is located in Brunswick Hills, Ohio. The community is situated just south of the affluent Cleveland suburb of Strongsville and only minutes away from the Westfield Southpark Mall. Tenants are attracted to this community because of it's proximity to major retail, but it also borders a Nature Preserve that is part of the Medina County park district.
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Utility Information
| Water: |
Well |
| Water Paid By: |
Park
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| Sewer: |
City |
