Bel-Aire Mobile Home Park,
located in Toledo, Ohio is licensed for 124 sites. The
community sits blocks away from the main campus of the
University of Toledo and is justdown the road from the the
University of Toledo South Campus-Scott Park. Bel-Aire is
currently 98 percent occupied and is on public utilities.
The tenants are billed by a third party company for their
water and sewer usage.
The community offers an investor the opportunity to purchase
a stable cash flowing asset with very little deferred
maintenance. The current owner has invested over $500,000
into the community since 2007. The majority of the tenants
pay $240 per month in lot rent, but any new
tenant moving in will pay $250 per month. Based off of the
current operations the community offers a 10 percent return
on an investors down payment.