Call 330-928-7080

Say that you are are calling about a mobile home park on MobileHomeParkStore.com

Address is 180 N River Rd Warren, OH 44483

Dave Soulsby

Sokemo, LLC

or, Send a Message:

Message:

Horvath Mobile Home Park

trailer park for Sale in Warren, Ohio

180 N River Rd
Warren, OH 44483

View on Map

This Mobile Home Park has Expired

View more Mobile Home Parks for Sale in Warren, OH.
 

Mobile Home Park for Sale

Number of MH Lots: 59
Size: 6 acre(s)
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 107053
Posted on: Oct 18, 2011
Updated on: Apr 23, 2014

Property Description

We are offering a growth investment opportunity in the Northern Ohio Market with partial owner financing. This property is a mixed community which consists of 59 spaces (59 mobile home spaces, barn, large building with four 12’ new garage doors, office and income and free gas from gas well), Office, Laundry area, plus huge building with new roof and (4) new 14’ doors. Currently operates at a 60% occupancy. Historically, the occupancy has been above 90% . It needs focused marketing and units fixed to bring out its full potential. This property is very well known, given its long history in the community and its easy access to the freeway. Includes over 6 acres prime real estate in front of property on a major thorough fare and 19 acres ready to develop in the back of the property. Partners would like to sell to pursue different interest.

PARK INFORMATION:

AGE: 1965
ACREAGE: 6 developed, 13 undeveloped
RENT INCREASE: 5 years ago
ELECTRICAL SERVICE Utility company reads and bills
ROADS Updated and maintained On street parking and use of parking lots
City Water can be connected
City Sewer recently connected
Natural gas well
Manager & Maintenance: On site

Park Information

Number of MH Lots:59
Total Occupancy:60.0%
Year Built:1965
Average MH Lot Rent: $250
Size:6.0 acre(s)

Financial Information (Pro Forma)

Gross Income$181
Operating Expense$54
Net Operating Income$127
Expense Ratio 29.8%
Debt Info

Lot Information

Singlewide Lots:58
Doublewide Lots:1
Triplewide Lots:0
Park Model Lots:0

RV Information

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

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:20
Average Rent for Park-owned Homes: $375

Amenities and Other

Laundromat: Yes
Storage: Yes