Description
Great opportunity! 60 Unit Mobile home park near The University of Toledo. Streamlined expenses running a monthly average around 5900. With a current occupancy rate just under 50%, and monthly NOI around 6900, the cap rate is around 8.8%, with plenty of room for growth and profit.Rents have not been raised in years and can immediately be brought up to market value. Most trailers are tenant owned limiting owner liability.Property also has 3 apartments and an office building with an onsite laundry room.
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0BEDS
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5ACRES
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0BATHS
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01/2 BATHS
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4,968SQFT
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$189$/SQFT
School Ratings & Info
Description
Great opportunity! 60 Unit Mobile home park near The University of Toledo. Streamlined expenses running a monthly average around 5900. With a current occupancy rate just under 50%, and monthly NOI around 6900, the cap rate is around 8.8%, with plenty of room for growth and profit.Rents have not been raised in years and can immediately be brought up to market value. Most trailers are tenant owned limiting owner liability.Property also has 3 apartments and an office building with an onsite laundry room.
© 2020 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Willcut Group | Keller Williams Urban Living Consultants. Data last updated: 2020-11-26T11:51:29.803.