Colliers International is pleased to present the opportunity to acquire the Woodlands Mobile Home Park, a manufactured home community in Cincinnati, OH.​ The property encompasses 5.82 acres and is licensed for 90 sites, with 45 improved sites, 1 single family home and an office located less than 10 miles north of downtown Cincinnati.​

Cincinnati is the third largest city in the state of Ohio and is home to many large employers including The Kroger Company, Proctor & Gamble, University of Cincinnati, and Children’s Health Hospital. The community is well located on the north side of town approximately 4 miles from the nearest Walmart Supercenter and within a short drive of various industrial and retail centers. The comparable parks in the area are +90% occupied with site rents ranging from $250 - $415 per month, while nearby 3-bedroom apartment rents are averaging over $950 per month.

The community offers 45 total sites on city water and sewer. There are 11 resident owned homes, 12 rent-to-own homes, 1 community owned rental home, and a single-family home. Electric is master-metered, and the current owner bills electricity charges back to residents based on park wide usage. The average monthly site rent is $318 across the 24 occupied sites and average home rents for the rent-to-own and rental homes is $434.

For more information, click here: http://colliersmanufacturedhousing.com/listing-inventory/woodland-mhc/