Marcus & Millichap is please to present 2 Manufactured Housing Communities located in Central Ohio. The offering consists of 209 total sites with an asking price of $495,000. Midpoint Woods is 100 sites operating at 20% occupancy and Hickory Grove is 109 sites, currently 23% occupied.

Midpoint Woods is located at 673 Armstrong Street, Mansfield, Ohio. The community is on public water and sewer which is billed back to the tenants.

Hickory Grove, located at 7117 Township Road 59, Mt. Gilead, Ohio is on private water and a sewer treatment plant. Tenants are billed back for their usage.

Both communities offer ample amounts of upside by filling vacant sites and selling homes. The seller has seem some recent success in home sales, whether it be rehabbing existing homes or bringing in used homes. Both the seller and lender are motivated to sell the assets.

There are currently 20 homes owned by a 3rd party finance company that are in the communities. The seller is a part owner in the finance company. At Midpoint there are 6 occupied and 4 vacant homes totaling $83,000 and at Hickory there are currently 7 occupied and 3 vacant home totaling $119,000. The finance company and the buyer will negotiate the homes directly.

Midpoint Woods YouTube Link: https://www.youtube.com/watch?v=KV3cFOD7QlU
Hickory YouTube Link: https://www.youtube.com/watch?v=Uc2ozVpm5X8