Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0% (Actual)
- Listing ID: 3112063
- Posted On: Jun 9, 2023
- Updated On: Sep 28, 2023
Description
Sites Total: 40
Rental Homes Owned: 12
Resident Owned Homes: 4
Vacant Lots: 12
Vacant Homes: 12
Also has: 1 House and 2.8 acres of Land.
City Water/City Sewer
Location
Located just outside Akron and Cleveland Ohio
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Park Information
| Number of MH Lots: | 40 |
| Total Occupancy: | 45.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $270 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $116,414 |
| Operating Expense: | $41,735 |
| Net Operating Income: | $74,679 |
| Expense Ratio: | 35.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $475 |
