Canton mixed use Manufactured Housing and Retail Canton, OH

Expired  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Listing ID: 1537321
  • Posted On: Oct 15, 2021
  • Updated On: Mar 28, 2023

Description

Very nice community and retail center being marketed together 90% plus occupancy at both properties. City services and impeccable management.

Location

Confidential mixed use package

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 95.0 %
Average MH Lot Rent: $400

Financial Information (Actual)

Gross Income $337,000
Operating Expense $90,000
Net Operating Income $247,000
Expense Ratio 26.7 %
Debt Info

Lot Information

Singlewide Lots: 30
Doublewide Lots: 6

RV Information

Number of RV Lots: 0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $600

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