Contact Information

Mobile Home Park Details

  • Price: $795,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.3%
  • Property ID: 1467986
  • Posted On: Jun 29, 2021
  • Updated On: Aug 31, 2021

Property Description

*16 Owner Occupied Lots @ 345
*6 Park Owned @ 445
*1 Cabin @ 625 (Vacant)

*2 Vacant Units (rehab)
*20 Vacant Lots

Seller Financing Now Available !

*City Water/City Sewer
*MSA of 2,000,000+

Have a Park to Sell ?

We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com

Location

Cincinnati is a city in Ohio, Large MSA on the Ohio River. It is known for its 19th-century architecture, including Farmers Market, which has food and craft vendors. To the north is the Cincinnati Zoo & Botanical Garden. This Park is a great opportunity for fast return on investment,

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 50.0 %
Year Built: 1955
Average MH Lot Rent: $345
Size: 6 acre(s)

Financial Information (Actual)

Gross Income $129,643
Operating Expense $61,704
Net Operating Income $67,939
Expense Ratio 47.6 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $445

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