Skyland Hills
Minerva, Ohio
102 Sites
$2,275,000 plus $250,000 (Personal Property)
Marcus & Millichap of Ohio is pleased to
present a 102 site manufactured housing community in Minerva, Ohio. Skyland
Hills which is located only 20 minutes from Canton, Ohio, provides the tenants
with easy access to many regional shopping malls, national restaurants and
entertainment.
The community has historically operated at 90% occupancy with tenants paying
water/sewer, electric, gas and cable. The Seller has two private wells on the
property that were newly installed approximately six years ago. Currently the
community is on County sewer and the tenants have propane gas or electric base
board heating. The new operator will take over a cable contract which is
approximately $17,000 per year ($13.88 per site/month). The tenants reimburse
the operator allowing for a $20-$25 profit per month. The community itself sits
on an estimated 17 acres, although there are a total of 190 acres that could
potentially be bought. At closing the Buyer will ONLY obtain the 17 acres of
operations that the community sits on (see aerial), but if the Buyer is
interested in purchasing excess land the Seller is willing to listen to all
offers. PERSONAL PROPERTY MUST BE BOUGHT SEPARATELY FOR $250,000.
Please click here to view the Executive Summary, and if you would like further
information on the community feel free to contact Jonathon McClellan to request
the full Offering Memorandum with the Seller’s Actual Numbers.
Please
Click Here to View Executive Summary
