Mobile Home Park Details

  • Listing ID: 13013
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

Tenant Owned Homes

PROPERTY HIGHLIGHTS

Minimal On-Site Management Responsibilities

Tenants Pay Direct on Separately Metered Utilities

Long-Term Tenants with Historically Low Turn-Over Rate

High, Stable Income and Occupancy

Densely Populated Western Ohio Area

Excellent Position Alongside Main Tiffin Roadway - SR 53

10.63% CAP - High Expected 16.92% Year-1 Cash-on-Cash
Return

Yearly Rental Increases Expected by Tenants

Each Space has Separate Driveways, Sidewalks Throughout
the Community

All Spaces have Homes, 2 Vacant Homes Recently Installed

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 33
Total Occupancy: 94.0 %

Financial Information

Net Operating Income: $66,411