Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.3%
- Property ID: 1598140
- Posted On: Feb 3, 2022
- Updated On: Aug 2, 2022
Property Description
Crestview Estates is a well maintained and established mobile home park in the southwest Ohio community of Sardinia. 33.45 acres total. The property has a strong operating history, boasts low overhead & strong cash flow, and is ideally positioned for future expansion and growth. Licensed for 27 lots. Awaiting State of Ohio approval to increase licensed lot count to 34. Site Plan includes additional land for expansion to 88 lots.
Offering Memorandum is available upon request and signing an NDA.
Location
Sardinia, OH
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 88 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2000 |
| Average MH Lot Rent: | $400 |
| Size: | 34 acre(s) |
Financial Information (Actual)
| Net Operating Income | $90,900 |
| Debt Info |
Lot Information
| Singlewide Lots: | 27 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $400 |
