Jonathon McClellan and Kyle Baskin of Marcus and Millichap are pleased to present City Estates, a 40 site manufactured home community that includes one SFR located in Massillon, Ohio (Perry Township). City Estates offers an investor the opportunity to acquire a mature MHC with the upside in filling vacant lots. City Estates also offers rents of $235, which is roughly $15-$30 below market. Tenants are responsible for paying their own water (municipal) and sewer (municipal) which is submetered by the landlord. At the current asking price of $582,500, a new investor will be able to purchase the community at a 10.01 percent capitalization rate and a 23.7 percent total return.