Town and Country MHP - for Sale in Minerva, Ohio

Sale Price: $300,000

Broker Information

Michael Calin
Re/Max Signature-Commercial Division
www.remaxsignaturecommercial.com

Mobile Home Park for Sale

Number of MH Lots: 31
Cap Rate: 12.2%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 101440
Posted on: Jul 07, 2011
Updated on: Feb 03, 2012
Price: $300,000

Property Description

Excellent cash flowing 31 pad Mobile Home Community + 1 apartment. All units are owned by tenants, there are no park owned. This is a great find call for details.

Want to know what your mobile home community is worth, click on this link and give us some general information about your Community and we will give you our proffesional opinion of what your community is worth on today's market.

LINK> http://remaxsignaturecommercial.com/a_16331-Value_your_Community_ReMax_Signature_Commercial_Division.html

Location Description

Minerva, ohio

Park Information

Number of MH Lots:31
Total Occupancy:65.0%
Average MH Lot Rent: $254

Financial Information (Actual)

Gross Income$61,092
Operating Expense$24,061
Net Operating Income$37,030
Expense Ratio 39.4%
Debt Info

Lot Information

Singlewide Lots:31
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water:Well
Water Paid By: Park
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $0