Contact Information

Mobile Home Park Details

  • Price: $1,600,000
  • Cap Rate: 5.5%
  • Listing ID: 2987586
  • Posted On: May 24, 2023
  • Updated On: Jun 7, 2023

Description

- Opportunity to acquire 38 sites
- All age community located in the Akron MSA
- Major upside in filling vacant sites
- Public water and sewer
- Population greater than 700,000 within a 15 mile radius
- Roads recently seal coated in May 2023

Price: $1,600,000 + 5 Homes

Location

Situated in the Akron MSA which has a current population of more than 700,000 within a 15 mile radius.

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 79.0 %
Average MH Lot Rent: $403
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $164,640
Operating Expense $76,682
Net Operating Income $87,958
Expense Ratio 46.6 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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