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

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