Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing
- Listing ID: 704490
- Posted On: Sep 12, 2016
- Updated On: Jan 26, 2017
Description
Creekside Mobile Home Park
18 City Park Dr.
Toledo, OH
Park Synopsis:
89 Spaces
11 acres
Huge opportunity to increase income
Close to downtown
We are offering a growth investment opportunity in
the Northern Ohio Market. This property is a mixed
community which consists of 89 spaces
Office, Laundry, Apartment, plus huge Garage
Historically, the occupancy has been up
to 80%.
This property is very well known, given its long history in the community, proximately to downtown, and its easy access to the freeway.
Includes over 1 acre prime real estate in front of property on a major thorough fare.
Spaces: 89
General:
Age of Community: approximately 75 years
Total Acres: 11 acres
Unused Acres: 1.5 acres
Total # Sites: 84
Community Information:
Average Lot Size 14x70
Utilities and Infrastructure:
Type of Water: City
Individual Meters: No
Type of Sewer: City
Individual Meters: No
Type of Roads: Black Top
Electric Provider: Toledo Edison
Natural/Propose: Propane (but Ohio Gas would support units)
Amenities:
Play Ground: No
Laundry: Yes
Mature Trees: Yes
Location and Community
Close to Freeway: Yes (right off of freeway)
City: Toledo, OH
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 11.0 % |
| Year Built: | 1941 |
| Average MH Lot Rent: | $235 |
| Size: | 11 acre(s) |
Financial Information
| Gross Income: | $2,350 |
| Operating Expense: | $2,000 |
| Expense Ratio: | 85.1 % |
| Debt Info: | Free & Clear |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |