Confidential Listing E
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Confidential Listing E
76 Unit Mobile Home Park $1,700,000 ($22,368/Unit) 9.70% Cap Rate Orrville, OH 44667
Investment Highlights
- Value Add
- Opportunity to Reduce Expenses
- Top Line Growth
Executive Summary
Looking for an investment opportunity with potential? Welcome to our mobile home park and apartment building nestled in a serene setting. With 54 spacious lots, each equipped with a trailer, our park presents a unique chance to enter the real estate market or expand your portfolio. While not all trailers are currently occupied, demand is high, evidenced by a waiting list for our cozy units. Attached financials showcase the park's stability and potential for growth, with tenant-financed lots offering steady returns. Plus, with the added bonus of a 22-unit efficiency apartment building, there's ample opportunity for additional revenue streams. Not to mention, our property boasts self-sufficient utilities, including a private well and EPA-compliant sewage treatment plant, ensuring low operating costs. Take advantage of this promising investment opportunity today! Contact us for more information and to schedule a viewing.
Data Room Click Here to Access
- Market Information
- Operating and Financials
Property Facts
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $22,368 | Lot Size | 9.12 AC |
| Sale Type | Investment | Building Size | 9,556 SF |
| Cap Rate | 9.70% | No. Stories | 1 |
| No. Units | 76 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 3.76/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Corridor | Exterior |
| Price | $1,700,000 |
| Price Per Unit | $22,368 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 9.12 AC |
| Building Size | 9,556 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 3.76/1,000 SF |
| Corridor | Exterior |
PROPERTY TAXES
| Parcel Number | 27-00991-000 | Improvements Assessment | $0 |
| Land Assessment | $3,850 | Total Assessment | $3,850 |
PROPERTY TAXES
Parcel Number
27-00991-000
Land Assessment
$3,850
Improvements Assessment
$0
Total Assessment
$3,850
zoning
| Zoning Code | commercial |
| commercial |
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Confidential Listing E
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