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Address is 29549 Salem Alliance Rd. Salem, OH 44460

Andrew Keel

Keel Team

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82 Lot MHP in the Salem, OH Metro

Mobile Home Community for Sale in Salem, Ohio

29549 Salem Alliance Rd.
Salem, OH 44460

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Sale Price: $669,000

Contact Information

Andrew Keel
Keel Team

Mobile Home Park for Sale

Number of MH Lots: 82
Size: 16 acre(s)
Cap Rate: 12.7%
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 880540
Posted on: Nov 21, 2017
Updated on: Dec 05, 2017
Price: $669,000

Property Description

82 Lot MHP Deal in the Salem, OH METRO!

82 Total Lots. 47 occupied.
Price: $669,000
Comes with 16 acres
Lot rent: $250/ month
Tenant's pay for sewer, not water (bill back water for higher profits)
4 empty park owned mobile homes
31 vacant lots

The Salem, OH metro has a population of 104,806.

2 year old sewer lift station connecting the property to city (public) sewer.
Well water- 1.5 year old water treatment system with upgraded well house.
Recent electrical upgrades (3 and 4 gang meter sets)

Includes large storage building and a 2 story brick house.

Equipment included:
dump truck with plow, diesel zero turn mower, tractor/ backhoe, trimmers etc
This MHP deal will go fast! Call now!

CALL FOR MORE INFO: 407-900-4841

Location Description

Salem, OH

Park Information

Number of MH Lots:82
Total Occupancy:57.0%
Average MH Lot Rent: $250
Size:16.0 acre(s)

Financial Information (Pro Forma)

Gross Income$141
Operating Expense$56,400
Net Operating Income$84
Expense Ratio 40000.0%
Debt Info

Lot Information

Singlewide Lots:82

RV Information

Number of RV Lots:0

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:12
Average Rent for Park-owned Homes: $535

Amenities and Other

Storage: Yes