Bel Aire Mobile Home Park - for Sale in Grove City, Ohio
1649 51 Dyer Rd.
Grove City, OH 43123
View on Map
Email Broker
Broker Information
Wayne BookerNew Perspective Realty
Mobile Home Park for Sale |
|
| Number of MH Lots: | 34 |
| Size: | 5.6 acre(s) |
| Purchase Method: | Cash, Seller Financing, New Loan |
| Status: | Active |
| Property ID: | 107215 |
| Posted on: | Oct 21, 2011 |
| Updated on: | Oct 21, 2011 |
| Price: | $360,000 |
Property Description
34 lots on site
5.96 acres
City water and sewer
Electric to code
Gravel roads
Grove City Schools
13 current rentals
On site manager
Currently break-even
Great potential with active management. This investment has not been marketed for several years and could easily provide a 10% or better CAP rate with some marketing.
Location Description
Located near major freeways in the Southwest Columbus area, this park is close to shopping and convenient to many business locations. School system is very good.
Park Information
| Number of MH Lots: | 34 |
| Total Occupancy: | 38.0% |
| Year Built: | 1970 |
| Average MH Lot Rent: | $425 |
| Size: | 5.6 acre(s) |
Financial Information (Actual)
| Gross Income | $66,352 |
| Operating Expense | $55,789 |
| Net Operating Income | $10,563 |
| Expense Ratio | 84.1% |
| Debt Info | None |
Lot Information
| Singlewide Lots: | 34 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |