Marcus & Millichap is pleased to present a 151 site MHC known as Southington Estates. Southington Estates is situated in a country setting but convenient to city amenities. The Community is located one block from State Route 422 which is just East of Warren and West of Solon which is an affluent Cleveland suburb. There is a good mix of single wide and double wide homes, with a tenant base of families, singles, and retired individuals. This community has large lots approximately 60ft by 100ft. All capable of supporting double-wide units.

The sewer is operated by a sewer treatment plant and the water is trucked 2-4 times a day. See the Offering Memorandum for more details.

The asking price of $2,475,000 equates to a 13.05% cap rate. Per the sellers year end financial statement the community produced approximately $54,000 of home/rental income which will be included in the sale at no additional cost. Currently the community is 87% occupied.