Confidential MHRE #010

Ohio

Property overview

The community is conveniently located just off of Interstate 70 with easy access to Columbus, OH (~55 miles), Pittsburg, PA (~129 miles), Cleveland, OH (~143 miles).

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.

Confidential MHRE #010

Ohio

For detailed information on this property please contact: Christopher Nortley (586) 884-8416.

Property Summary

Total Sites100+
Year Constructed1970's
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%