Confidential Listing, Orrville, OH 44667
76 Unit Mobile Home Park | $1,800,000 ($23,684/Unit) | 9.16% Cap Rate | Orrville, OH 44667
For Sale
Active
16 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $1,800,000
- Property Type
-
Multifamily
- Square Feet
- 9,556 SF
Listing Contacts
Douglas Klang
Verified Profile
Corrin Harper
Verified Profile
- Property Info
Property Overview
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.
Property Details
- Class
- C
- Year Built
- 1954
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 397,267 SF
- Units
- 76
Highlights
- Value Add
- Top Line Growth
- Opportunity to Reduce Expenses
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FAQ
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