Property Description
Waterfall Senior Estates is a 42 Site Senior Mobile Home Community located in Mansfield, Ohio. The investment was constructed in 2001 in Richland County on 12.89 acres in a quaint residential area. Mansfield is strategically located between Cleveland and Columbus, Ohio off of Interstate 71 and US Route 30. The county’s road infrastructure has been recognized as one of the top 5 in the nation.
The property is approved for 45 licensed lots where 41 sites are currently developed and 24 are currently occupied. All homes are resident owned which allows this low-risk investment to be easily owner-managed. This all senior community offers an investor an attractive double digit cash on cash return of 12.17% without factoring in rent or occupancy increases. However, future occupancy increases can potentially double the value of the asset providing tremendous capital appreciation to complement strong cash on cash returns.
http://bglcooper.listinglab.com/WaterfallSeniorEstates
Email Broker
