Contact Information
Mobile Home Park Details
- Price: $6,350,000
- Listing ID: 6962922
- Posted On: Aug 13, 2025
- Updated On: Aug 13, 2025
Description
137 Homesites + 72 Storage Units
The community consists of 137 total homesites and 72 rentable storage units, providing multiple revenue streams. Current occupancy stands at approximately 68%, leaving ample room for growth through site fill.
Infill Opportunity with 32% Vacancy
With nearly one-third of the homesites currently vacant, a new owner has the opportunity to launch a proactive sales and leasing program. This presents a clear path to increasing occupancy and NOI through new home placements.
Public Utilities Sub-metered
Mobile Grove is serviced by public water and sewer, with utility costs billed back to residents. This utility structure reduces operational expenses and enhances cash flow predictability.
Low Number of Park-Owned Homes (POHs)
There are only 16 park-owned homes in the community, indicating a primarily resident-owned home model. This reduces management responsibilities and maintenance costs, while the market demand for homeownership presents a strong opportunity for new home sales.
Location
Strategic Location Between Erie and Cleveland
Conveniently located about halfway between Erie, PA and Cleveland’s eastern suburbs, the community offers excellent regional access and serves as a viable housing option for commuters and local workers alike.
Proximity to Lake Erie (5 Minutes Away)
The property is just a five-minute drive from the scenic shores of Lake Erie, providing a unique quality-of-life benefit for residents and enhancing the long-term attractiveness of the location.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 137 |
| Total Occupancy: | 68.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $508 |
| Size: | 17 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |