Olentangy Estates - for Sale in Galion, Ohio

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Property Description

Olentangy Estates is a 53 Site All Family Mobile Home Community located in Galion, Ohio. The investment was constructed in 1960 in Crawford County on approximately 9 acres in a quaint residential area. Galion is strategically located between Cleveland and Columbus, Ohio off of Interstate 71 and US Route 30.

The property is approved for 53 licensed lots where 46 sites are currently developed and 18 are currently occupied. Olentangy is a low-risk investment that can be easily owner-managed passively, although a hands on management approach will revitalize occupancy, cash flow and value. This all family community offers an investor an attractive double digit cash on cash return of 16.37% 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/OlentangyEstates

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