Mobile Home Park Details

  • Listing ID: 13043
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

We are offering a growth investment opportunity in the Northern Ohio Market. This property is a mixed community which consists of 89 spaces (80 mobile home and 9 trailer), Office, Laundry, Apartment, plus huge Garage and currently operates at a 60% occupancy. Historically, the occupancy has been up to 80% in recent times and needs focused marketing and units to bring out its full potential. This property is very well known, given its long history in the community, proximately to downtown, and its easy access to the freeway. Includes over 1 acre prime real estate in front of property on a major thorough fare.

Amenities

  • Laundromat
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Park Information

Number of MH Lots: 89
Total Occupancy: 60.0 %
Size: 11 acre(s)

Financial Information

Gross Income: $100,935
Operating Expense: $49,347
Net Operating Income: $19,276
Expense Ratio: 48.9 %
Debt Info: 32310

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $375