Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.2%
  • Listing ID: 4559298
  • Posted On: Feb 23, 2024
  • Updated On: May 24, 2024


Beautiful Park located right on the shores of Lake Erie. Contains 25 mobile home lots plus 5 storage units, 1 apartment, and 1 RV lot. All city utilities.
Currently have 21 MH lots occupied, 1 RV lot occupied, 5 storage units occupied, and the apartment occupied as well. Water, sewer and trash are sub-metered and billed back to tenants each month. There are currently 2 vacant trailers that are being remodeled to list for sale. All other units are tenant owned. We also have 2 vacant lots that are expected to receive spec homes on them from Clayton homes in the near future. Property manager/maintenance guy lives on site and performs all duties in exchange for free rent each month. He would be willing to continue in this role for a new owner.
This park is a great little investment with some upside potential in the very near term. Call or text 801-318-4260 if interested.

Please no visits to the park at this time as we are not disclosing that it is for sale to our tenants yet. Thanks.


Just off main road in Lorain, right on the shores of Lake Erie. Very few trees. Asphalt and Gravel roads.


  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 85.0 %
Year Built: 1965
Average MH Lot Rent: $365
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $118,800
Operating Expense: $35,940
Net Operating Income: $82,860
Expense Ratio: 30.3 %
Debt Info: No Debt

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $250

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $365

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