Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.1%
- Listing ID: 1561470
- Posted On: Nov 22, 2021
- Updated On: Jun 6, 2022
Description
CASH ONLY
Price Reduction!!!
15 Licensed Lots
3 Owner Occupied Lots @ 325
4 NEW Park Owned @ 650
1 NEW Park Owned @ 800
7 Vacant Lots
City Water/City Sewer - Could be billed back!
(Water is Not Metered)
Park Pays Utilities
55 + Community
Have A Park to Sell?
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Location
Springfield Ohio is the county seat of Clark County. The town is located in southwestern Ohio and is situated on the Mad River, Buck Creek, and Beaver Creek, approximately 45 miles west of Columbus and 25 miles northeast of Dayton. With a population of 60,000 the MSA is favorable for expansion.
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 15 |
| Total Occupancy: | 58.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $575 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $53,100 |
| Operating Expense: | $15,226 |
| Net Operating Income: | $37,834 |
| Expense Ratio: | 28.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $325 |
