Mobile Home Park Details

  • Property ID: 1081378
  • Posted On: May 14, 2019
  • Updated On: Nov 6, 2019

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire two manufactured housing communities located in Fostoria, Ohio. Fostoria Reserve and North Pointe Park are located right next to each other and contain a total of 168 usable units. Fostoria Reserve contains 128 sites (licensed for 136) including two apartments and North Pointe Park contains 40 sites that are fully occupied.

With an average occupancy of 75 percent, a new investor can implement an aggressive sales program to fill the vacant sites located at Fostoria Reserve. The communities are located next to each other allowing economic efficiencies through consolidation of management.

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Park Information

Community Type: All Age
Number of MH Lots: 168
Total Occupancy: 75.0 %
Average MH Lot Rent: $228
Size: 21 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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