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Cook's Bohlman MHP 2290 Baltimore Rd., Defiance, OH 43512

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Defiance Mobile Home Park
Defiance Mobile Home Park
Defiance Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Land: This is land for developing a mobile home park
  • Cap Rate: 10.0% (Pro Forma)
  • Listing ID: 568709
  • Posted On: Sep 10, 2015
  • Updated On: May 17, 2016

Description

This MHP has 24 lots on 3.09 acres. It can expand to 66 lots on the remaining 12.54 acres for a total of 90 lots. There is also a 750 sq ft. duplex on the property It has individually metered city water and city sewer. It is just east of the future US-24/Ohio-424 interchange. This park has lots of upside potential.

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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 80.0 %
Year Built: 1969
Average MH Lot Rent: $250
Size: 15 acre(s)

Financial Information (Pro Forma)

Gross Income: $60,000
Operating Expense: $42,000
Net Operating Income: $18,000
Expense Ratio: 70.0 %

Lot Information

Singlewide Lots: 24

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $250

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