Mobile Home Park Details
- Purchase Method: New Loan
- Listing ID: 932738
- Posted On: May 30, 2018
- Updated On: May 14, 2019
Description
Marcus & Millichap is pleased to present the opportunity to acquire a 173 site manufactured housing community located in Ohio. The community is an all-aged community that is currently 78 percent occupied. This community allows 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 $3,814,477 which is allocated at $3,350,000 for the real estate and $464,477 for the park owned home inventory. This would include 8 Retail Contract Homes, 30 Rental Homes and 13 Vacant Homes that are currently for sale. The total annualized Rental and Lease Purchase Revenue would equate to $96,780.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 173 |
Total Occupancy: | 78.0 % |
Year Built: | 1980 |
Average MH Lot Rent: | $280 |
Size: | 29 acre(s) |
Lot Information
Singlewide Lots: | 173 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Treatment Plant |