Contact Information

Mobile Home Park Details

  • Price: $810,000
  • Purchase Method: Cash
  • Property ID: 1176837
  • Posted On: Jan 6, 2020
  • Updated On: Mar 4, 2020

Property Description

Midpoint Woods MHC is licensed for 109 sites and is an all aged/family community located in northern Mansfield, Ohio and offers a new investment group an opportunity to significantly increase occupancy and net income. Built in 1955, the 7.48 +/- acre community is situated directly between Columbus and Cleveland which offers residents a one-hour commute to both cities via Interstate 71. Residents also have the luxury of utilizing Route 30 which provides easy access to many retail, restaurant and employment options that are less than 10 minutes away. The community has an off-site manager and maintenance team that handles lease up and renovating homes and an on-site resident takes care of the all the common area mowing and snow removal. The residents are responsible for paying city water and sewer through a bill back system and are directly billed for electric and gas; the community owner pays for trash removal.

Location

Midpoint Woods MHC offers an opportunity to completely re-brand and transform a low occupancy community into a stabilized, performing asset in a tertiary market with more than 100,000 population within a 10-mile radius of the community.

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Park Information

Number of MH Lots: 109
Total Occupancy: 14.9 %
Year Built: 1955
Average MH Lot Rent: $290
Size: 8 acre(s)

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