Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.7%
- Listing ID: 1239220
- Posted On: Apr 6, 2020
- Updated On: Nov 20, 2020
Description
Located in Ravenna, OH directly next to Haas Auto Mall, this 23 unit Mobile Home/ Multifamily investment is priced to sell! Sitting on 13 acres, this investment includes 13 mobile homes, 4 single family homes, 2 apartments, and 1 warehouse. This property offers an incredible value add opportunity as there is plenty of room to add more trailers. There are 25,000+ cars passing daily on a total of 786' of frontage on Rte. 14 & Rte. 59. At a cap rate of 9.7%, please request the strong financials and act on this great opportunity!
Location
Located in Ravenna, Ohio near the corner of busy St. Rt. 14 and Rt. 59
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $145,435 |
| Operating Expense: | $40,860 |
| Net Operating Income: | $104,575 |
| Expense Ratio: | 28.1 % |
Lot Information
| Singlewide Lots: | 13 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 23 |
| Average Rent for Park-owned Homes: | $517 |
