Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.6%
- Listing ID: 4413879
- Posted On: Feb 14, 2024
- Updated On: Oct 25, 2024
Description
Bit O’ Eden is currently in the process of remodeling the roofs and internal plumbing on the stick built homes, additionally, the park had new water lines installed in 2023
The park is also raising the rent by $50 per home starting Aug 1st, as well as a substantial rent increase on the houses.
City Water/City Sewer!
Small seller financing available.
Location
Massillion, OH
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 91.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $450 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $183,240 |
| Operating Expense: | $58,928 |
| Net Operating Income: | $124,312 |
| Expense Ratio: | 32.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
