Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.3%
- Listing ID: 1467986
- Posted On: Jun 29, 2021
- Updated On: Jan 14, 2022
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
Ask about our Pocket Listings
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 % |
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 |
