Contact Information

Mobile Home Park Details

  • Price: $2,900,000
  • Property ID: 1011209
  • Posted on Nov 28, 2018

Property Description

Capstone Manufactured Housing is pleased to present Mountain View Mobile Home Park: a quaint residential community located 52 minutes northwest Ohio’s state capital and major MSA, Columbus. A few tertiary markets that are near the park include Marysville and Bellefontaine. The park is positioned parallel to The Mad River and is located directly south of Mad River Mountain—a seasonal ski resort with 20 trails and 10 lifts. Mountain View offers convenient access to Route 33 north/south, which serves as a connector to other routes and thoroughfares within the immediate area. Mountain View is quite unique in the fact that the park consists of 78 sites, which are all park-owned home rental units. With the park showing a consistent stabilized occupancy above 90%, below market rental rates, and a portfolio of park-owned homes that allow for quick move in; this attractive asset presents a strong investment opportunity for someone looking for a cash flow producing, turnkey asset from day one.

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Park Information

Community Type: All Age
Number of MH Lots: 78
Total Occupancy: 90.0 %
Year Built: 1950
Average MH Lot Rent: $350
Size: 10.5 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 78
Average Rent for Park-owned Homes: $630

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