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Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.0%
- Listing ID: 13038
- Posted On: Jun 2, 2010
- Updated On: Aug 4, 2016
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
Old RT 30 between Massillon and Wooster, Ohio
10341 Lincoln Way East, Orrville 44667
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 54 |
| Total Occupancy: | 92.0 % |
| Average MH Lot Rent: | $235 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $152 |
| Operating Expense: | $48 |
| Net Operating Income: | $103,438 |
| Expense Ratio: | 31.6 % |
| Debt Info: | Owner will carry second mortgage up to $100,000. |
Lot Information
| Singlewide Lots: | 54 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $235 |
