Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash, Seller Financing
  • Listing ID: 704490
  • Posted On: Sep 12, 2016
  • Updated On: Jan 26, 2017

Description

Creekside Mobile Home Park
18 City Park Dr.
Toledo, OH
Park Synopsis:
89 Spaces
11 acres
Huge opportunity to increase income
Close to downtown
We are offering a growth investment opportunity in
the Northern Ohio Market. This property is a mixed
community which consists of 89 spaces
Office, Laundry, Apartment, plus huge Garage
Historically, the occupancy has been up
to 80%.
This property is very well known, given its long history in the community, proximately to downtown, and its easy access to the freeway.
Includes over 1 acre prime real estate in front of property on a major thorough fare.

Spaces: 89
General:
Age of Community: approximately 75 years
Total Acres: 11 acres
Unused Acres: 1.5 acres
Total # Sites: 84
Community Information:
Average Lot Size 14x70
Utilities and Infrastructure:
Type of Water: City
Individual Meters: No
Type of Sewer: City
Individual Meters: No
Type of Roads: Black Top
Electric Provider: Toledo Edison
Natural/Propose: Propane (but Ohio Gas would support units)
Amenities:
Play Ground: No
Laundry: Yes
Mature Trees: Yes
Location and Community
Close to Freeway: Yes (right off of freeway)
City: Toledo, OH

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 89
Total Occupancy: 11.0 %
Year Built: 1941
Average MH Lot Rent: $235
Size: 11 acre(s)

Financial Information

Gross Income: $2,350
Operating Expense: $2,000
Expense Ratio: 85.1 %
Debt Info: Free & Clear

Utility Information

Water: City
Water Paid By: Park
Sewer: City