Contact Information

Mobile Home Park Details

  • Price: $1,600,000
  • Purchase Method: Cash
  • Cap Rate: 12.4%
  • Property ID: 1088190
  • Posted on May 31, 2019

Property Description

131 sites with 36 Resident Owned Homes, 26 Leased Homes, 33 Vacant Park Owned Homes, and 34 vacant sites and 1 rented and 1 vacant apartment

City Utilities (Water & Sewer)

Sewer is billed back to residents but water is not

Currently has an Absentee Owner - A more hands on approach would yield tremendous potential

Desirable neighborhood of Boardman submarket of Youngstown, Ohio

Close Proximity to Highway 680, Lowe's, Walmart, Shoppes & Restaurants

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Park Information

Community Type: All Age
Number of MH Lots: 131
Total Occupancy: 48.1 %
Average MH Lot Rent: $332
Size: 9.7 acre(s)

Financial Information (Pro Forma)

Net Operating Income $198,876
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 59
Average Rent for Park-owned Homes: $364

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