Mobile Home Park Details
- Cap Rate: 12.0%
- Listing ID: 5486201
- Posted On: Apr 29, 2024
- Updated On: Aug 27, 2024
Description
Perry’s Den Mobile Home Park is an attractive investment
opportunity situated in Massillon, Ohio. This value-add park features
-40 pads, with 17 income-producing lots and a Stick built home
occupied.
-City Water and Sewer services, Water
usage is billed back to tenants.
Recent improvements:
70% of the sewer lines and electric
infrastructure have been recently redone.
Tenants of Perry’s Den Mobile Home Park are responsible for
water, sewer, and trash expenses.
Location
Situated in Stark County, Massillon offers a strategic location
within close proximity to major cities. Just 8 miles west of Canton,
20 miles south of Akron, and 50 miles south of Cleveland, the park
enjoys convenient access to urban amenities and employment
opportunities.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 44.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $290 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $120,312 |
| Operating Expense: | $42,630 |
| Net Operating Income: | $77,682 |
| Expense Ratio: | 35.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 28 |
| Average Rent for Park-owned Homes: | $600 |
