Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.9% (Actual)
- Listing ID: 6760020
- Posted On: Oct 30, 2024
- Updated On: Nov 4, 2024
Description
Comfortable Living in a Well-Maintained Community!
J & H Mobile Home Park offers a practical and affordable housing option. This all-ages community features 32 sites with lot rents averaging $350 per month, and city utilities..
23 Owner Occupied
8 Vacant lOTS
1 Rental @ 480 mo
Key Features:
-Affordable Lot Rents
-Self Sustaining park makes this park easy to manage
-Well-Maintained: Paved streets and off-street parking ensure a pleasant living experience.
Location
Petersburg, OH, is a small, unincorporated community in southeastern Springfield Township, Mahoning County, with a population of approximately 1,018 residents. It offers a blend of rural charm and urban convenience as part of the Youngstown–Warren metropolitan area.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $350 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $102,360 |
| Operating Expense: | $22,992 |
| Net Operating Income: | $79,368 |
| Expense Ratio: | 22.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
