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Manufactured Home Community for Sale in Orrville, Ohio

10341 Lincolnway East
Orrville, OH 44667

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Mobile Home Park for Sale

Number of MH Lots: 54
Size: 9 acre(s)
Cap Rate: 13.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Sold
Property ID: 13038
Posted on: Jun 02, 2010
Updated on: Aug 04, 2016

Property Description

54 Space Mobile Home Park For Sale 800,000

Owner will carry second mortgage up to $100,000

9+/- Acres

13% Cap Rate

Motel and room for approx 70 storage units is included with park.

Broker/Owner interest

Location Description

Old RT 30 between Massillon and Wooster, Ohio

10341 Lincoln Way East, Orrville 44667

Park Information

Number of MH Lots:54
Total Occupancy:92.0%
Average MH Lot Rent: $235
Size:9.0 acre(s)

Financial Information (Actual)

Gross Income$152
Operating Expense$48
Net Operating Income$103,438
Expense Ratio 31.6%
Debt InfoOwner will carry second mortgage up to $100,000.

Lot Information

Singlewide Lots:54

Utility Information

Water Paid By: Park
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:2
Average Rent for Park-owned Homes: $235