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Greenlawn Estates

Zanesville, Ohio

Property overview

The community is conveniently located just off of Interstate 70 which is a major artery running through the Midwest. The location provides easy access to Columbus, OH (~55 miles), Pittsburg, PA (~129 miles), Cleveland, OH (~143 miles) and a Super Walmart~ 5 miles.

MHRE Inc. is proud to present Greenlawn Estates Mobile Home Park in Zanesville, OH. The community is situated on 80 acres +/- in which only approximately 20 acres have been developed. The community is a mix of resident owned and park owned homes. In the past year ownership has invested approximately $2.6M into the community and has clearly proven that the demand for homes (new or renovated) is extremely strong as the community has absorbed 40 new homes brought into the community since 2018 and currently has a very strong collection rate in the 98% range.

Greenlawn Estates
105 Eastwood Drive
Zanesville, Ohio 43701

For detailed information on this property please contact: Enon Winkler (407) 616-0250.

Property Summary

Total Sites150
Year Constructed1970's
Land (Acres) +80.6
Occupancy94.7%
Average Rent/Site$370
PRIMARY USEMHP
PROPERTY TYPEAll Ages
STAR CLASSIFICATION3
WATERMunicipal
SEWERMunicipal

OFFERING SUMMARY

Community Price5,700,000
Community Owned Homes & NotesMAKE OFFER
Total Investment5,700,000 + Homes
Cap Rate - Year 1 (With Reserves)7.88%