Contact Information

Mobile Home Park Details

  • Price: $575,000
  • Property ID: 1157486
  • Posted On: Nov 19, 2019
  • Updated On: Nov 19, 2019

Property Description

Heritage Hills Mobile Home Park is an all-age community located in Toledo, Ohio and is minutes from retail, a mall, restaurants and a public high school. The property is serviced by city water and sewer. Water, sewer, and trash are included in the lot rent. Neighboring communities are well occupied (80%-95%+) with higher lot rents which presents a value-add opportunity through increasing occupancy. Roughly 6 community owned homes are included in the sale price. This is a receivership sale and is subject to court approval.

Value-add opportunity through increasing occupancy
Neighboring communities are 80%-95%+ occupied
List price at $11,275 per space is below replacement cost
Court appointed receivership sale
Less than 4 miles from Walmart Supercenter
Average home value within 5 miles is $150K+

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Park Information

Community Type: All Age
Number of MH Lots: 51
Total Occupancy: 45.0 %
Year Built: 1970
Average MH Lot Rent: $360
Size: 11.0 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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