Contact Information

Mobile Home Park Details

  • Price: $2,200,000
  • Property ID: 1678966
  • Posted On: May 27, 2022
  • Updated On: Jul 14, 2022

Property Description

Carriage Way Manufactured Home Community is a well located 45-site community + 1 stick built home that’s only 5 minutes north of downtown Toledo! The city boasts a population of +275,000 and a population of +636,000 within a 20-mile radius of Carriage Way MHC. Residents are minutes away from a Kroger Grocery Store,
Target, Home Depot, Starbucks and many more retail stores and restaurants. Serviced by city utilities, the community accommodates 28 resident owned home sites, 16 community owned homes, 1 empty site and a stick-built home that rents for $850. The owner has recently repaired the roads and sold two homes and is planning on increasing rents to $360 in August.

The Williamson Manufactured Housing Advisors are pleased to present a new operator with the opportunity to purchase a stabilized asset that cash flows day one with upside in renting or selling 5 additional community owned homes which will add an
additional $32,000 of top line revenue.

Location

-City of Toledo
-City Utilities
-Opportunity for Income Increase
-98% Physical Occupancy / 87% Economic Occupancy

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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