Marcus & Millichap is please to present an opportunity to acquire a 173 site manufactured housing community, Sherwood Forest, which is located in Greenville, Ohio. Sherwood Forest is an all-aged community that is currently 82 percent occupied with below market rents ($260). This investment offers a new owner immediate upside in sub-metering the water (wells) and sewer (WWTP), as well as implement rent increases over the next few years.

The total asking price is $4,000,000 which is allocated at $3,350,000 for the real estate and $650,000 for the park owned home inventory. This would include 11 Rentals, 28 Lease Purchase Homes and 16 Vacant Homes that are currently for sale. The total annualized Rental and Lease Purchase Revenue would equate to $108,540 (less a $260 lot rent).