Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Toledo Estates, a 125-total site, all-ages mobile home communit in the heart of Toledo, Ohio just two miles from the University of Toledo and centrally positioned less than 5 miles from both I-475 and I-75, providing residents quick and convenient access to all the surrounding dining, retail, shopping, area attractions and more that Toledo has to offer.

The city of Toledo continues to distinguish itself as one of the Midwest’s most affordable housing markets, offering a compelling combination of attainable housing costs and stable renter demand. Toledo Estates prime infill position offers investors an attractive combination of durable workforce housing demand, belowreplacement cost pricing and a diversified regional economy.

Toledo Estates presents a significant infill and revenue-growth opportunity. With 51 vacant homes and 39 vacant pads served by in-place infrastructure and rents below 2025 market average of $505, an operator with manufactured-housing expertise can rapidly rehab and sell/rent existing homes and bring in new homes, to lift occupancy, and drive substantial revenue growth. There is a clear path to accelerated stabilization and the opportunity represents a compelling return on invested capital.

The asking price for the park is $2,950,000 ($23,600/site).

Investment highlights
Lot rents are well-below market averaging $441 with Toledo MSA rents averaging $505+. This represents an 11% discount to market and significant upside for new ownership post-stabilization.
51 vacant homes sit on the property representing immediate leasing upside.
Infill homes onto the 39 vacant sites at market rates will significantly improve revenue, and allow ownership to move current tenants towards market rates.
Excellent location just 5 miles west of downtown with a surrounding population of more than 650,000 residents and 12 miles to the Eugene F. Kranz Express Airport.

https://www.crexi.com/properties/2708909/ohio-toledo-estates-mhc