Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 9.2%
- Listing ID: 18065
- Posted On: Nov 10, 2010
- Updated On: May 12, 2011
Description
The Community has great existing stable cash flow with long term, stable tenants and great operating History. 98% of the existing homes on the property are occupied, the 2 vacant homes were recently installed. Huge upside exists in filling the vacant lots. All utilities are sub-metered including water and sewer, gas and electric. For more information and a complete Offering Memorandum please contact Cooper Commercial Investment Group at 216-916-7313 ext. 13.
Location
The immediate vicinity offers an abundance of prime retail with close proximity to Midway Mall, which includes major stores such
as: Sears, Best Buy, Macy's, and JCPenney. Being surrounded by many national companies and retailers, the residents of the mobile home communities have places to shop and work. Students of
the manufactured home communities attend Clearview Local School District, which is a highly desirable school district in the area.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 117 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $230 |
| Size: | 12 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
