Mobile Home Park Details

  • Listing ID: 1905961
  • Posted On: Oct 10, 2022
  • Updated On: Dec 14, 2022

Description

The Williamson Manufactured Housing Advisors are pleased to present the opportunity to acquire Cypress Point MHC, a 266 site
manufactured home community located in Toledo, Ohio.
Known as the Glass City, Toledo is home to over 275,000 residents and over 600,000 in the MSA. The Maumee River is host to several
ports that serve area industries such as transportation, industrial, automotive parts and glass.

The current owner has made significant improvements to the property by fixing water leaks, raising site and home rent, demolishing old vacant homes and bringing in 28 new 3 bedroom, 2 bathroom single wides (17 Champion Redman Advantage II’s and 11 Clayton Pulse Collections).

A new owner has the opportunity to continue to bring in homes and achieve a 36.5% IRR once the asset is stabilized.

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

Park Information

Number of MH Lots: 266
Total Occupancy: 55.0 %
Size: 40 acre(s)

Utility Information

Water: City
Sewer: City

Similar Mobile Home Parks for Sale