Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1493279
- Posted On: Aug 9, 2021
- Updated On: Dec 1, 2021
Description
The NMHC Group of KW Commercial is pleased to present Belmont Community, a 36 site manufactured housing community
located in Alger Ohio. Belmont Community currently has 18 tenants paying lot rent, 12 renters in park-owned-homes, and 6 vacant sites. The community is serviced by municipal sewer and water.
Alger Ohio is a bedroom community of Lima, and is roughly an hour to the Columbus MSA. Columbus offers numerous opportunities for employment and an airport for any out of town investors. Belmont offers an investor an immediate opportunity to increase cash flow via rental increases. Only one increase has been
implemented in the last 10 years and the rents are significantly below the market ($355). As always, this is a confidential listing. Please do not visit the property without scheduling a showing with the listing agent. When on site, do not speak with any employees or residents. Please contact us for additional information.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 84.0 % |
| Average MH Lot Rent: | $185 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $566 |