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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

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