Mobile Home Park Details
- Cap Rate: 5.5%
- Listing ID: 2987586
- Posted On: May 24, 2023
- Updated On: Oct 23, 2023
Description
- Opportunity to acquire 38 sites
- All age community located in the Akron MSA
- Major upside in filling vacant sites
- Public water and sewer
- Population greater than 700,000 within a 15 mile radius
- Roads recently seal coated in May 2023
Price: $1,600,000 + 5 Homes
Location
Situated in the Akron MSA which has a current population of more than 700,000 within a 15 mile radius.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 79.0 % |
| Average MH Lot Rent: | $403 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $164,640 |
| Operating Expense: | $76,682 |
| Net Operating Income: | $87,958 |
| Expense Ratio: | 46.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
