Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.4%
- Listing ID: 1579270
- Posted On: Dec 29, 2021
- Updated On: Feb 11, 2022
Description
13 Licensed Lots
10 Park Owned @ $600 AVG
1 Owner Occupied @ $225
1 Triplex @ $475 Each
2 Duplex Homes @ $550
4 Single Family Homes @ $675
Auto Shop @ $1400
6 Garages/Office/APT upstairs
(New potential rent income)
City Water/City Sewer (not billed back)
Location
Ravenna is a city in Portage County, Ohio, United States. It is located 15 miles east of Akron. Portage County has a MSA of 162,466.
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Park Information
| Number of MH Lots: | 13 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $225 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $147,246 |
| Operating Expense: | $48,774 |
| Net Operating Income: | $98,472 |
| Expense Ratio: | 33.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $600 |
