Stabilized 51-Space MHC in Toledo, OH 207 South Reynolds Road
, Toledo, OH 43615

For Sale     $3,330,000

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Contact Information

Kris Wessel

NAI Martens
CONTACT BROKER
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Mobile Home Park Details

  • Price: $3,330,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1492350
  • Posted On: Aug 8, 2021
  • Updated On: Dec 20, 2021

Property Description

Contact Kris Wessel at NAI Martens, kwessel@martenscos.com.
Super attractive 51-space community with many recent improvements.​ Current owner has infilled 15 brand new Legacy homes in the past year.​ Other upgrades include landscaping projects, roads re-sealed, and fix up on existing homes.​ Toledo is a high rent market with many corporate operators of MHC's, so this property will have opportunities for continued rent growth.​ Ohio Broker of record is Mark Baringer of NAI Harmon SAL.0000272275.

Location

Located in Toledo, Ohio (Metro Population 605K). Abundant employment centers nearby.

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Park Information

Community Type: All Age
Number of MH Lots: 51
Total Occupancy: 98.0 %
Average MH Lot Rent: $437
Size: 11 acre(s)

Utility Information

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

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